Deal Maker of the Year Awards 2013

DEAL: Amadeus and Archimedia invest 1.6m into Qinec NAME: Matthew Sillett COMPANY: Cannings Connolly POSITION: Partner TEL: 0207 003 8116 EMAIL: msillett@cclaw.co.uk WEBSITE: www.cclaw.co.uk

WINNER - MATTHEW SILLETT £

Matthew Sillett is a partner at City Law firm Cannings Connolly and has been awarded Finance Monthly Deal Maker of the Year 2013 recognising his work on the Amadeus and Archimedia investment into Qinec Limited.

BIO

Matthew Sillett is head of Corporate and Banking at Cannings Connolly. He joined the firm in 2010 to head-up its corporate practice. Matthew has over 20 years’ experience in corporate and commercial matters, spanning venture capital investment, private equity transactions, mergers & acquisitions, commercial contracts work and banking.

Before joining Cannings Connolly Matthew was a partner at Brown Rudnick, earlier posts included partner at Speechly Bircham and partner at Osborne Clarke.

Matthew advises a wide range of clients from early stage owner-managed businesses to larger institutional clients, covering all aspects of company, commercial and banking matters. Much of Matthew’s work is in the technology sector, his clients range from start-ups to large household name IT companies. Matthew is regularly involved in complex technology transactions, including government IT projects.

Qinec is a fairly typical example of the early- stage VC backed Matthew advises.

36 www.finance-monthly.com technology companies DEAL OVERVIEW

Qinec is a web-based medical practice management business, its software product range streamlines processes such as appointments, bookings, patient record keeping, prescribing and billing.

Matthew has advised Qinec since shortly after its set-up, guiding the company through early stage funding, venture capital investment, management incentivisation and related matters.

The £1.6m investment into Qinec by European technology investors Amadeus and Archimedia will facilitate the expansion of the management team and further development of the product portfolio.

The transaction involved the usual challenges of agreeing mutually acceptable deal terms and then coordinating and corralling a raft of legal documents and disparate signatories, all within a tight timescale.

FIRM PROFILE

Cannings Connolly is a full service City law firm. In addition to corporate, commercial and banking work, the firm has a strong reputation in commercial property and dispute resolution.

The firm’s commercial property team advise a number of significant institutional property investors, dealing with the whole lifecycle of site acquisition,

The firm also advises many smaller scale developers and has an active construction practice.

The firm’s dispute resolution team deal with a wide range of commercial disputes arising from property management, planning,

construction, banking, construction, development and all

aspects of property portfolio management and realisation.

copyright and breach of contract. The team deal with substantial and complex matters across a number of industry sectors and employ various means of dispute resolution including negotiation, mediation, expert determination, adjudication, arbitration and litigation.

Early stage technology investments can involve many of the legal issues and rigour normally seen on larger venture capital deals, so being fully familiar with the investee company and all the issues that can arise as part of the process is essential. Swift delivery of the legal service on an affordable budgeted basis is key.

Matthew Sillett commented “It is always a pleasure to be recognised for work done and deals completed. Qinec have a great team and I am sure they will put the investment monies to good use. Cloud-based products such as Qinec’s are the way ahead and it is great to see institutional investment funds providing financial and other support to UK based companies in this space”.

Finance Monthly Magazine congratulates Matthew Sillett and the Cannings Connolly team on the award of Deal Maker of the Year 2013.

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