Thompson Smith and Puxon Supports International Sale in Strategic Hospitality Tech Deal
Thompson Smith and Puxon (TSP)’s Corporate and Commercial team has advised Simon Alexander on the cross-border sale of UK-based Hotel Technology Management (HTM) Ltd (HTM) to Passman Group.
HTM is a leading provider of technology solutions to the hospitality sector, offering IT infrastructure, telephony systems, digital signage, Wi-Fi and TV and casting services. The business has now joined Passman Group, a major European provider of digital solutions for the hospitality industry, marking a significant step in its international growth strategy and ensuring a smooth transition for ongoing success of HTM’s business.
The TSP team was led by Caroline Nicholls (Partner, Head of Corporate and Commercial), with support from Rebecca Abiona (Solicitor, Corporate and Commercial), Marie Allen (Senior Associate, Employment) and Alex Butler-Zagni (Senior Associate, Commercial Property). The team also worked closely alongside HTM’s accountant Chris Barber of Barber & Company and French lawyer Maxime Ponsan of Vestis, ensuring seamless advice in tight timescales, without compromising on quality of service.
TSP’s Corporate and Commercial team regularly advises business owners on transactions, including acquisitions, disposals and cross-border deals, supporting clients through every stage with tailored guidance and specialist expertise. This transaction continues to demonstrate the team’s established reputation as a trusted advisor to businesses not only in the region but in the more complex international M&A market.
Simon said: “Caroline and the team at Thompson Smith and Puxon provided exemplary service throughout the transaction. They combined clear, commercial and pragmatic advice with real energy and responsiveness and their advice, experience and professionalism gave complete confidence at every stage of the process. I am delighted with the outcome and grateful for the support in getting the deal over the line.”
Caroline Nicholls added: “We were extremely pleased to support Simon on the sale of HTM to Passman Group. This transaction reflects the continued demand for expertise in advising on cross-border transactions involving UK businesses. We are seeing increasing levels of activity where local businesses are engaging with international buyers, and it is an area in which our team has significant experience. We are delighted to have assisted in moving HTM to the next stage of growth under Passman’s control and look forward to hearing of its continued success.”
Based in Essex, TSP continues to support regional businesses on transactions with national and international reach.