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Morgan Cole acted for Sand Aire Private Equity, the sole investor in a £5m management buy-out of TIS Software from computer solutions group Misys. Morgan Cole also acted for the newly-incorporated company. Struan Penwarden led the team. Daljit Singh and Elizabeth Channer of Hammond Suddards advised the management. Allen & Overy advised the vendor, led by corporate partners Kerry Spooner and Gillian Holgate. Osborne Clarke’s Omar Al-Nuaimi advised financiers Lloyds Bank Acquisition Finance.

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