Mourant Ozannes advises on 2e2 sale to Datatec

James Qualtrough | March 7, 2013 | 0 Comments

Leading Offshore law firm, Mourant Ozannes, has advised on the sale by administrators of the IT group 2e2 to Datatec, the largest technology group traded on AIM with a market capitalisation of around £640m.

Mourant Ozannes advised on the sale of the Channel Islands businesses that formed part of the sale of the European arm of 2e2 to Datatec for €24m, which also included 2e2’s businesses in Spain, Ireland and the Netherlands.

Mourant Ozannes Partner Jonathan Walker said: “We were delighted to act on such an important transaction, and one that has helped to keep more than 100 jobs in Guernsey and Jersey.”

Hogan Lovells in London acted as lead counsel to the bank throughout the transaction. The Mourant Ozannes team was led by Partner Jonathan Walker and Senior Associate Vic Cabot from the Jersey office and Partner John Lewis and Associate Tracey Powell from the Guernsey office.