"We would like to recognise Gateley Legal for their invaluable support throughout this process on what is another key strategic transaction in the UK."
ELMO CFO, James Haslam
ELMO’s acquisition of the platform will provide them with complementary technology, allowing them to cross-sell to a larger customer base and accelerate their mid-market expansion in the UK.
Webexpenses is headquartered in the UK and is a high growth, cloud-based expense management solution. It has a large and growing customer base with primary operations in the UK and Australia.
Steven Raize, corporate partner at Gateley Legal, led the deal with support from corporate solicitors Adam Percival and Drew Bailey. The commercial aspects of the deal were led by commerce, technology and media partner, Sarah Reynolds with support from commerce, technology and media associate, Katie Hall.
Steven commented: “We were really pleased to act for ELMO for the second time in six months, on a major acquisition. We also advised them in October 2020 on their acquisition of Breathe, a leading HR tech company. It is an exciting time for ELMO and we are proud to be a part of their journey.”
ELMO CEO and co-founder, Danny Lessem added: “Our acquisition of Webexpenses is a significant step in ELMO’s growth strategy and will highly complement our existing service offering. ELMO’s market opportunity has increased significantly this year, and the addition of Webexpenses to our portfolio will strengthen our position even further.”
ELMO CFO, James Haslam said “We’d like to recognise Gateley Legal for their invaluable support throughout this process on what is another key strategic transaction in the UK. They have advised us on two acquisitions in 2020, and we could not have done it without them.”
Gateley Legal has a team of over 70 corporate lawyers nationally, who advise private and public companies, owner-managed businesses and entrepreneurs on a wide range of corporate matters. The team have also been ranked the most active deal advisors nationally and in three regions of the UK for 2020 in a report by Experian Market IQ.