With a team of data, software and cloud specialists operating across seven European jurisdictions, Ascent supports more than 170 clients globally.
The sale to Acuity will strengthen Acuity's Data and Technology Services division, broaden its sector reach into reinsurance, pharma, manufacturing and retail, and build on Ascent's strong alliance with Microsoft, furthering its commitment to delivering innovative AI-led solutions to clients worldwide.
The DWF team was led by global head of corporate at DWF, Frank Shephard, with support from partner Will Munday, senior associates Katy Butler and Kartik Monga and solicitor Raili Haslam.
Frank Shephard, global head of corporate at DWF, said: "We are very pleased to have advised the Ascent team on this strategic sale. The combination with Acuity represents a transformational step that will accelerate Ascent’s growth and create new opportunities for its people and clients. It has been a privilege to support Ascent on this important journey, and we look forward to seeing the business continue to thrive as part of Acuity."
Stewart Smythe, chief executive officer at Ascent, commented, "This transaction is an exciting opportunity to combine Ascent's market-leading data and AI capability with Acuity's innovation and deep domain expertise. It provides exactly the platform my team was looking for to accelerate growth and deliver even greater value to our clients. I would also like to thank the DWF team for their expert guidance, which was invaluable in achieving this successful outcome."
