Cripps advises Kent based KB Tech on its sale to EEX

Cripps has advised the sellers of KB Tech Limited (KB Tech) to European Energy Exchange AG (EEX).

Headquartered in Southborough, KB Tech is a software development company providing data management services and products to the trading, pension and financial markets.

European Energy Exchange AG (EEX) is a leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products.

The two companies have been working together in close partnership for almost a decade and share the same values and ideology of delivering quality and business focussed solutions for their customers. Following the deal, KB will continue to operate as an independent entity from its current offices.

Corporate partner Julie Hughes, assisted by Laura Wilson, advised the sellers on all legal aspects of the deal, including structuring the transaction, drafting and negotiating the share purchase agreement and the management contracts.

David Briggs, Technical Director and co-founder of KB Tech commented: “It has been a pleasure working with Julie and Laura at Cripps. This was an unfamiliar process for us and they guided us through it successfully and with the minimum of fuss. Given the additional challenges caused by the coronavirus epidemic, I think they did a great job!”

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