Shoosmiths Advises on Sale of Trailight to Comply and DataLase Holdings to Bergman and Beving

Shoosmiths has advised on two significant transactions in the technology and industrial sectors, acting for the shareholders of both Trailight and DataLase Holdings.

In the first transaction, Shoosmiths advised the shareholders of Trailight on its sale to Comply, the leading provider of compliance software, consulting, and education resources for financial services firms. Trailight is the UK's leading regulatory compliance platform, supporting firms with individual accountability, conduct oversight, and governance frameworks including SMCR, IAF, SEAR, and ECOI. The acquisition enables Comply to become the first and only unified compliance platform to bring together firm compliance, employee compliance, individual accountability regimes, and archiving solutions across jurisdictions.

In the second transaction, Shoosmiths advised the shareholders of DataLase Holdings on the sale of 90% of the shares to Bergman & Beving. Widnes-headquartered DataLase is a global leader in Photonic Printing, providing patented, sustainable, inkless, and customised printing solutions for products and packaging. The deal sees Bergman & Beving become the majority shareholder, with CEO Clare Lewis remaining as a minority shareholder.

Both deals were led by partner Andrew Millar and principal associate Leah Cairney, supported by associate Sarah Palmer and, on the Trailight deal, John Quinn.

Andrew Millar, partner at Shoosmiths, commented: “We are delighted to have supported the shareholders of both Trailight and DataLase on these milestone transactions. Having worked with Trailight since 2016, it’s been rewarding to see the business reach this exciting stage with Comply. Equally, advising DataLase’s shareholders on their sale to Bergman & Beving has been a pleasure, and we look forward to seeing Clare Lewis and her team continue to innovate and grow under new ownership. 

“These deals reflect Shoosmiths’ commitment to guiding ambitious businesses and their founders through complex, high-value transactions, and we are proud to play a part in their ongoing success.”