On 14 September 2017 Keystone Law advised KSM Online on its sale to WCBS – a portfolio company of institutional investor Westleigh Investments – for a confidential sum comprising upfront and deferred cash payments and earn-out consideration.
KSM Online is a London-based technology company that launched in 2009. Its award-winning SaaS product “School Kompanion” provides an end-to-end School Management Software System for independent schools, academies and free schools, serving as both a school MIS (Management Information System) and a VLE (Virtual Learning Environment). The company prides itself on the functionality and user-friendly interface of its school management software and school management system, which allows staff to focus on what is most important.
The existing management team, led by CEO Saqib Awan, will remain with the company to continue to drive the global growth of School Kompanion with the support of WCBS and Westleigh Investments.
Saqib Awan, Founder and CEO of KSM Online, said:
“Keystone Law came recommended to me at the time I was contemplating this M&A transaction. The firm consistently added value for me from the initial deal negotiations to the Term Sheet stage and right up to closing, with a laser-like focus on value items and risk protection and an ability to clearly explain the most complex of issues. I highly recommend each member of the team who supported me on this landmark transaction.”
Nadim Zaman added:
“This M&A transaction marks the culmination of eight years of sustained effort by a highly effective founder and dedicated team, who collectively built a market-leading product that is destined to be rolled out globally. It is our privilege to be part of such a successful founder-exit.”