Slaughter and May advised RWS Holdings plc, a unique world-leading provider of technology-enabled language, content and intellectual property services, in relation to its acquisition of Propylon Holdings Limited for €30.1 million ($33.1 million) on a cash-and-debt free basis with additional payments of €6.45 million ($7.1 million) due on each of the first and second anniversary of completion, conditional on the Propylon management team remaining in place.
Propylon’s component content management system (“CCMS”) is used by governments, standards bodies, legal publishers and regulated firms to address the complexities involved with drafting, managing, publishing and updating legal and legislative content. Its unique user-friendly solution allows authoring in its CCMS through Microsoft Word. Clients include a number of US legislatures and national parliaments. In addition, Propylon also provides software to a range of standards bodies and regulated professional services organisations, who will benefit from RWS’s integrated localization capabilities.
Slaughter and May worked as part of an integrated team with the RWS in-house legal and corporate development teams, led by Jane Hyde (General Counsel and Company Secretary) and Christopher Lewey (Group Corporate Development Director), and A&L Goodbody, who advised on Irish law aspects of the acquisition.