DerbySoft Holdings Limited, the ultimate parent company of DerbySoft Inc., a technology company that builds connectivity, marketing and content solutions for the hospitality industry, has entered into a definitive agreement with Juniper Group, an operating group of Vela Software within Constellation Software Inc. (TSX: CSU), pursuant to which Juniper Group will acquire a majority interest in DerbySoft. Key executive team members of DerbySoft will retain a minority stake in the company and will enter into a shareholders' agreement with Juniper Group to govern DerbySoft following completion of the acquisition. The transaction remains subject to customary closing conditions, including regulatory approvals.
Our Corporate team are acting as Cayman Islands counsel to DerbySoft. The team is being led by partner Jason Allison, with assistance from associates Sam Buchan and Sabrina Mitchell.
Congratulations to DerbySoft and the team at Ekberg, Fagre & Seem LLP, U.S. counsel to DerbySoft.