Spire Solicitors LLP has advised on a complex combined corporate reorganisation and management buy‑out (MBO) involving Dignetsol Group Ltd and Digital Network Solutions Ltd, delivering a bespoke transaction that blended a share‑for‑share exchange with a partial buy‑out within a single integrated structure.
Digital Network Solutions Ltd, established in 2002, has a strong regional reputation for providing IT and network service and support in East Anglia.
The transaction saw the entire issued share capital of Digital Network Solutions Ltd acquired by a newly structured holding company, with consideration provided through a blend of monetary value and shares. The structure was designed to enable the continuing involvement of the management team, ensuring long‑term alignment, while also delivering a commercially robust framework for the structured realisation of value through the buy‑out element.
The matter required careful coordination of corporate and commercial considerations to ensure that the reorganisation and MBO operated seamlessly as one transaction and balancing the interests of the parties for the future.
Zach Spelman, Associate Solicitor at Spire Solicitors LLP, who advised on the transaction, said:
“We were pleased to assist in delivering a successful handover to the next generation of leadership. It was a genuine pleasure to work closely with Jamie and Tom on this matter and deliver a structure that aligns management of the business well for its next stage.”
Jamie Forster, CEO of Digital Network Solutions Ltd, added:
“This transaction represents an important milestone for the business. Zach and the team at Spire Solicitors provided clear, practical advice throughout a complex process and guided us through the transaction with confidence and clarity.”
Zach Spelman
Zach Spelman is an Associate Solicitor in the Corporate & Commercial Law team at Spire Solicitors LLP.
Zach advises on a diverse range of corporate and commercial matters and transactions including providing advice to budding start-ups on their foundational legal requirements, share capital restructuring, acquisitions & disposals of shares or assets on various scales, among a variety of different matters.
