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FD Technologies plc to sell First Derivative business to EPAM Systems
A&O Shearman is advising FD Technologies on the divestment of its First Derivative business to EPAM Systems, Inc. for an enterprise value of GBP230 million. The divestment is expected to close in Q4 of this year.
FD Technologies is one of Northern Ireland’s largest homegrown technology businesses. EPAM Systems, is a Pennsylvania-based digital technology firm.
The A&O Shearman team was led by London M&A partner Eimear Coady together with London M&A senior associate Josh Little. The wider transaction team based in London included partners Tim Harrop (tax, London) Nigel Parker (corporate commercial, London) and Matt Hamilton-Foyn (M&A, London).
Eimear Coady said: “FD Technologies is a longstanding client of A&O Shearman, and we are pleased to have worked with them on this important strategic deal.”
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