Merger with Nair & Co. Ltd

Technology & Services
Merger with Nair & Co. Ltd

Summary

Baird served as the exclusive financial advisor to High Street Partners

About

High Street Partners (“HSP”) recently completed a merger with Nair & Co (“Nair”), a portfolio company of HgCapital LLP (“HgCapital”). The combined company has been renamed Radius. Terms of the transaction were not disclosed.

Founded in 2003, HSP was a market leader in international business software and services. By offering solutions to simplify the management and control of existing international operations, and any planned international expansion, HSP’s solutions helped customers capitalize on their overseas growth opportunities. Headquartered in the United States, and with offices in the United Kingdom, Germany, Hong Kong, Japan, China and Singapore, HSP supported over 600 businesses, universities and non-profit organizations in more than 100 countries.

Larry Harding, Founder & CEO of HSP, will remain with Radius, taking on the role of Vice Chairman of the Board of Directors, and Executive Director for Corporate Development. In addition, Baird Capital, the largest investor in HSP, will rollover 100% of its equity into Radius, and Partner Benedict Rocchio will also join the Radius Board of Directors. Sigma Partners, another investor in HSP, has fully realized its successful equity investment through this transaction.

Founded in 1994, Nair provided a tailored solution for fast growing companies that are looking to expand into international markets, but do not have the technical or administrative expertise to do so. Nair set up the required international entities, and provided integrated legal, accounting, payroll, tax and human resources services to ease the process of international expansion. Nair was headquartered in the United Kingdom, with additional employees based in offices in India, the United States, Singapore, Japan and China.

Radius helps businesses move into new markets, manage overseas operations, and outsource the entire global accounting and administrative functions. Solutions include integrated accounting, finance, banking, tax, HR, legal and compliance services, high-end consulting expertise, as well as a bespoke software platform that allows clients to manage remote global operations from the desktop. Radius is headquartered in the United Kingdom (Bristol), and employs more than 700 people supporting 6,000 client-employees in more than 80 countries, with core offices in the UK, India, China, the US, Japan and Singapore.

HgCapital is a sector-focused private equity investor, supporting management teams in an effort to grow businesses into global industry leaders. HgCapital invests in expanding segments of the Healthcare, Industrial, Services, TMT and Renewable Energy sectors across Western Europe. HgCapital is based in London, United Kingdom and Munich, Germany.

For additional information about this transaction, please contact:

David Silver +44 (0) 20 7667 8216
Brian Doyal +1 (312) 609 4916
Kiran Paruchuru +1 (312) 609 4926
John Sun +44 (0) 20 7667 8224
Technology & Services
Merger with Nair & Co. Ltd
Date
April 2014
Company
High Street Partners
Transaction
M&A
Sectors
Technology & Services
Target Location
Europe
Acquiror Location
North America

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