News & Insights

FSP advises BGF on investment into Cutting Edge Solutions

Field Seymour Parkes has advised investor BGF on its investment into Witney-based Cutting Edge Solutions, a reseller of Siemens computer-aided design and product lifecycle management (PLM) software.

The investment will facilitate Cutting Edge’s expansion through the acquisition of Majenta PLM, which is the UK’s largest Siemens PLM reseller. BGF’s investment supports the deal and the future growth strategy of the business.

Both companies work with clients across a range of industries including automotive, aerospace, electronics, consumer and pharmaceuticals to improve design and production quality, flexibility and efficiency.

Working together, Cutting Edge and Majenta PLM will pool resources and expertise to provide customers with access to the broad suite of Siemens’ design software.

Following the acquisition, Majenta PLM’s Mark Parry will take on the role as managing director of the combined group, while Cutting Edge’s Allan Blackwell will take on the role of chief executive.

Alex Snodgrass, an investor at BGF who joins the board of Cutting Edge, commented: “Cutting Edge and Majenta PLM operate in a highly specialised field, and have developed first class reputations for innovation, professionalism and expertise.

“We believe this will be the first step in an exciting journey for the combined company and we are delighted to be supporting Allan, Mark and the wider team.”

“It was a pleasure working with Penelope, Jeremy and the rest of the FSP team on the Cutting Edge Solutions transaction. FSP provided high quality advice that was delivered in a timely manner throughout the transaction, their proactive approach enabled us to meet a demanding timetable. We look forward to working with the FSP team again in the future.”

The team at Field Seymour Parkes advising BGF was led by Penelope Garden (partner, corporate) with assistance from Jeremy Parkes (partner, corporate) and Katie Burley (associate, employment).