International law firm Bird & Bird has recently advised British Telecommunications plc on the sale of its 50% holding in the human resources outsourcing business, e-peopleserve to Accenture.
The sale involved an initial consideration of $70million cash plus an earn-out over the next five years of between US $35.0 million and US $222.5 million.
Bird & Bird worked closely with BT's in-house legal team headed by Justin Forsell. Leading the Bird & Bird team was partner Grant Powell, with assistance from Mark Leach and Carolyn Burbridge.
Commenting, Grant Powell said:
"British Telecommunications plc is a long standing and highly valued client of the firm. We are delighted to have been involved in this transaction".
For more information, transaction please contact partner Grant Powell on +44 (0) 20 7415 6000 or Larry Cattle, Director of Marketing, on +44 (0) 20 7415 6156.