Dentons advises Dye & Durham on its sale of Credas Technologies to SmartSearch

London-Dentons has advised Dye & Durham, a leading provider of cloud-based legal practice management software, on the sale of Credas Technologies Ltd, a UK-based provider of identity verification and anti-money laundering solutions, to SmartSearch, an established UK provider of anti-money laundering software and a portfolio company of Triple Private Equity. Since acquiring Credas, Dye & Durham has supported the business in achieving substantial growth and scalability. The transaction represents a successful realization of that investment, reflecting the company's continued focus on optimizing its portfolio and enhancing long-term shareholder value.

The Transaction is subject to customary closing conditions, including receipt of required regulatory approvals. Dye & Durham intends to use the gross proceeds of approximately £77.8 million to repay outstanding senior secured debt, advancing its deleveraging priorities and further strengthening its balance sheet.

As part of the transaction, Dye & Durham has entered into a commercial agreement with Credas and SmartSearch, ensuring continuity of service for the company's practice management and data insights customers in the UK.

"We are very pleased to have advised our longstanding client Dye & Durham on this strategic transaction," said Darren Acres, Corporate Partner at Dentons. "The sale of Credas marks a key step in the company's strategic journey and highlights our team's strength in advising global technology clients on complex M&A deals."

The Dentons team advising Dye & Durham was led by UK Corporate Partner, Darren Acres, UK Regulatory Partner Katharine Harle and Canadian Corporate Partner Ora Wexler. They were supported by Senior Associate Christopher Winn and Associates Alex Macdonald and Ahmad Yassin and Trainee Kelly Pua. The wider team included Tax Partner Neil McKnight, supported by Senior Associate Andrew Holland, Competition Partner Richard Brown, supported by Senior Associate Sanam Shah and Associate Jacob Reilly, and Employment Partner Alison Weatherhead.

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