×


Home About Contribute Media Kit Contact Sign In
×







.


Legal Industry News

Gateley Legal advises LDC on exit of literacy and accessibility tech company


The London office of Gateley Legal has advised LDC on the sale of their investment stake in Texthelp, a specialist in literacy and accessibility technology, to Five Arrows Principal Investments.

  • By
Gateley Legal advises LDC on exit of literacy and accessibility tech company


"We also advised LDC in May 2019, when they originally invested into Texthelp to accelerate its organic growth plans in the UK, US and internationally."
Paul Hayward, partner and head of Gateley London



Texthelp enjoys an established, loyal customer base across Europe, America, the Middle East and Australasia where they have supported 30 million students and employees with reading, writing and numeracy. They also help those with productivity challenges, such as dyslexia or working in a second language.

The firm employs over 180 staff and partners with the likes of Google, Microsoft, Apple and more of the world’s leading technology brands, in order to deliver the most compatible, best-in-class products and solutions.

With the backing of Five Arrows, Texthelp plans to continue its global expansion, investment in new technology and new product development pipeline.

The deal was led by corporate partner and head of Gateley Legal’s London office, Paul Hayward, with support from corporate associate, Zum Mohammed. Paul commented: “We are really pleased to act for LDC on the exit of their investment.

“We also advised LDC in May 2019, when they originally invested into Texthelp to accelerate its organic growth plans in the UK, US and internationally. During the 18-month partnership, the market leader’s revenue increased 40 per cent from £19m to £27m.

“Evidently, LDC’s investment has been invaluable in providing Texthelp with the expertise to expand their services across the globe, target growth opportunities and develop new products.”

Steve Aston, senior director at LDC, added: “Martin, Mark and the team have built a business focused on unlocking potential through innovation and technology. We’ve enjoyed supporting their growth ambitions and seeing them out-perform both their own plans and the broader market. We wish them every success and we’re looking forward to watching them become even more of a household name in the global EdTech and Accessibility market.”

The London office of Gateley Legal is located in Paternoster Square. The office was established in 2007 and has more than 100 professionals offering a broad range of legal expertise from litigation to restructuring and employment to real estate work.

.


Legal Business News - When it comes to defamation cases, determining what is defamation, libel, or slander is sometimes difficult. Defamation is the act of making a statement about someone that is spoken in an accusatory way and has the potential to ruin their reputation.


Employment Defamation Cases Examples and How to Deal With Them

Legal Business News - Yorkshire law firm Ison Harrison has appointed a new senior solicitor to its corporate law division. Corporate employment expert Ben Palmer will be based at Ison Harrison s Leeds City Centre office.


New Employment Specialist Strengthens Corporate Team at Ison Harrison

Legal Business News - A Yorkshire law firm is warming up ahead of its latest challenge that aims to get all of its 15 branches and over 100 employees on the move.


Law firm gets a move on for its latest challenge

Legal Business News - One of the nations most admired insurance brokers Bounce has reached an agreement to sell their advisory business and innovative insurtech platform to Cream Financial Solutions for an undisclosed very attractive seven-figure sum.


Bounce Life Sells Insuretech Platform and Advisory Business

Legal Business News - 19 04 21 Research conducted by Latimer Hinks Solicitors into attitudes of Generation Z, has revealed that more than 50 per cent of those born between 1995 and 2010 would be unhappy for friends or family to access their social media in the event of their sudden death.


Research shows more than half of young people keep social media secrets

Legal Business News - Clarion s 14-strong business restructuring and insolvency practice is continuing to grow with the appointment of Victoria Kay as legal director. With experience working for leading regional and national law firms, Victoria has a strong track record in all aspects of corporate restructuring and insolvency matters.


Legal director joins Clarion's business restructuring and insolvency team






Ten Times Ten

We transform your bright ideas into brilliant digital products.