MacRoberts has advised on the sale of Cultivate Software Limited, an Edinburgh-based software consultancy business, to international food delivery operators Deliveroo.
Shareholders, husband and wife team Paul Wilson and Jenny Wilson, were advised by MacRoberts throughout the sales process.
Deliveroo, a longstanding client of Cultivate, made the strategic acquisition in a bid to use its Edinburgh-based technical expertise to create its first UK tech centre outside of London.
Cultivate has been working with Deliveroo for three years on its payment system, which handles millions of transactions every day. Paul and the rest of the Cultivate team will continue to work for Deliveroo in Edinburgh focusing on improvement of payment processes and increasing data available to restaurants and riders through the app. Deliveroo plans to double the number of employees at the Edinburgh base in the next 12 months.
The deal has come during a time of increasing global interest in Edinburgh's rapidly growing technology scene.
Paul Wilson said: “We were delighted to have MacRoberts by our side throughout the process, providing us with clear and concise advice and ensuring the transaction was as stress-free and seamless as possible.”
The MacRoberts team was led by Corporate Finance Partner Alan Kelly, Share Schemes Partner James Keith and Corporate Finance Senior Solicitor Bonar Mercer.
