Wragges advises on HR deal
Who?
Birmingham law firm Wragge & Co’s public companies team.
Did what?
Has advised Automatic Data Processing, a US-based business outsourcing solutions company, on its £16.2m public takeover of AIM-listed OneClickHR.
What does this mean?
The acquisition of the Beckenham, Kent firm has been implemented under a court-approved scheme of arrangement. ADP has agreed an offer of 10.5p per ordinary share for OneClickHR shareholders.
Who advised?
Wragge corporate partner Jeremy Millington led the deal, supported by associate Richard Goold, solicitor Louise Baillie and the firm’s litigation specialists. Olswang and financial advisers KBC Peel Hunt advised OneClickHR.
Insider comment:
ADP reported revenues of $2.2bn for the quarter ended 31 December, It has approximately 570,000 clients worldwide. Wragge & Co has advised the company for a number of years, including acting on its cross-border acquisition of the Kerridge Group in 2005.
