Simpson Thacher represented Prometheus Group on the deal.
Prometheus Group announced its acquisition of S&V Software Services LLP and Scalers & Victors FZE (together, “S&V”). The transaction closed in February 2022. The financial terms of the transaction were not disclosed.
S&V is an IT services company with expertise in data and technology services that provide end-to-end data solutions for organizations of any scale. The team specializes in business process automation and master data using cutting edge tools that are specifically tailored to their customer’s needs. S&V also has experience in automating business processes on open-source ERP Odoo, allowing ERP to be implemented efficiently and cost-effectively. S&V has assisted its customers (from industries such as manufacturing, airlines, oil, gas and utilities) complete challenging projects, using the latest technologies and products.
The Simpson Thacher team included Michael Kaplan (Picture) and Mariella McCormack (M&A); and Benjamin Rippeon (Tax).
Involved fees earner: Michael Kaplan – Simpson Thacher & Bartlett; Mariella McCormack – Simpson Thacher & Bartlett; Benjamin Rippeon – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: Prometheus Group Enterprises, LLC;
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