Foot Anstey's Private Equity sector team supports the acquisition of Cipher10 by ID-ware Group

The Private Equity team at national law firm Foot Anstey LLP has advised the Committed Capital-backed software solutions and design firm, ID-ware, on its acquisition of specialised professional services firm, Cipher10, for an undisclosed amount. 

Committed Capital, a private equity firm, has over 15 years’ experience and expertise investing in the high-growth technology ecosystem. Acquiring Cipher10 sets to significantly expand ID-ware's footprint in the physical identity and access management (PIAM) industry, and the deal holds the promise of fostering growth for the unified firms in the UK technology market.

Netherlands-based ID-ware is a physical identity and access management software company that was acquired through a majority stake by Committed Capital back in April 2020. ID-ware primarily focuses on PIAM & smart card life-cycles, having built its own innovative and highly-functioning “Enterprise” platform and Online Card Management System to support their customers.

Cipher10 offers specialised professional services in the PIAM industry alongside its cloud-based solutions, particularly to the government sector.

Emma Clayton, Senior Associate in Foot Anstey’s Corporate team, said: “We’re thrilled to have advised Committed Capital through ID-ware Group’s acquisition of Cipher10 and to have achieved a successful outcome for all parties involved. I look forward to seeing ID-ware continue to go from strength-to-strength.”

The Committed Capital team commented: “We are delighted to have partnered with Foot Anstey's Private Equity team throughout this acquisition process. Their expertise and guidance have been invaluable in navigating the complexities of this transaction. We look forward to continuing our successful collaboration with Foot Anstey in the future.”

The Foot Anstey team advised on all aspects of the acquisition. The team was led by Emma Clayton, with advice from Employment Associate Angharad Davies, Tax Associate Kirsty Poulton and Corporate Solicitor David Jones.