Adastra Software Limited, a provider of specialist medical event management, data distribution and clinical support prepackaged software, was sold to Drury Lane Capital PLC for approximately £14m. Callaghans' Corporate team were legal advisers to the shareholders of Adastra headed by corporate partner Murray Wells. Murray has been advising Adastra on corporate, commercial and other legal matters since its incorporation in 1994. The purchaser was advised by CMS Cameron McKenna LLP.

Adastra's former managing director and shareholder, Adrian Gilson, comments about the transaction and Callaghans' involvement: "Having worked with Murray for 15 years since the inception of the company, the shareholders of Adastra chose Callaghans to act for them on the sale of Adastra. Not only were their team able to respond quickly to our requirements, they provide a level of service, expertise and commercial awareness that is on a par with any of the large city firms that I have had experience of over the years. I cannot recommend them highly enough."

Murray Wells, commenting on the transaction, said "We were delighted to work with Adrian and the team at Adastra, drawing on our particular expertise in this industry, as well as our thorough knowledge of their business gained through our long standing relationship with them, to help achieve a timely sale."

Throughout the transaction the Corporate team liaised directly with board of directors and principal shareholders in order to ease the strain of such a high level sale and allow the management to continue with the running of the company with minimal disruption.
 

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