Disability network expands with national transfer of ownership
Talbots Law has supported PurpleSpace, the world’s only networking and professional development hub for disability employee resource group leaders, in finalising a deal to join UK disability charity, Scope via acquisition.
This transfer of ownership enables PurpleSpace to continue scaling up its efforts and gives the network access to a wealth of expertise, resources and strategic vision to further enhance its impact and drive the business forward.
Legal support for this deal was entrusted to Mike Linford, Director & Head of Corporate & Commercial, and Andrew Martin, Associate & Solicitor.
The team at PurpleSpace were also assisted by Jerroms Corporate Finance, which provides businesses with advice and support in key financial areas.
Quotes from those involved
Speaking after the deal, Kate Nash, Founder, PurpleSpace said:
“I always anticipated that as PurpleSpace grew, it would require more investment and a smooth and thoughtful shift from my position as the founding CEO to that of a long-term Ambassador. This transition phase is crucial for maintaining consistency, attracting more corporate members, and generating fresh ideas to further advance and expand on our remarkable accomplishments thus far. It represents the natural progression to empower PurpleSpace to thrive. Having begun my own journey at Scope, it feels secure and right to have come full circle to entrust the potential of PurpleSpace into their capable hands. I look forward to remaining closely involved and supporting continued success.
Mike Linford and Andrew Martin from Talbots Law provided us with excellent legal advice. At every stage they went the extra mile with their care, their commitment and sensitive dealings. It was the true dream team. Additionally, David Fletcher from Jerroms Corporate Finance guided us through the process step by step, ensuring we had a clear understanding to make well-informed decisions.”
Mark Hodgkinson, Chief Executive, Scope said:
“Scope has been proud to be a part of PurpleSpace’s growth as a founding partner of the #PositivelyPurple movement since 2019. As an organisation we know that disabled people will lead the change we know is necessary. We are determined to change the future and together, as a collective movement of disabled people we want to see how we can build a more equitable future through innovative ERGs/Networks. We won’t stop until we achieve a society where all disabled people enjoy equality and fairness. Our investment in PurpleSpace delivers on our values and purpose and builds on Kate’s vision.”
Mike Linford, Company Commercial Director, Talbots Law said:
“This deal represents an exciting next chapter for PurpleSpace, giving Kate and the organisation the resources and platform to create a vital and positive impact on a growing scale.
It was a pleasure to work so closely with both Kate, and David Fletcher from Jerroms,while undertaking the legal work for this deal and we look forward to seeing a remarkable business go from strength to strength with this new investment and resource.”
David Fletcher, Managing Director, Jerroms Corporate Finance: “Working with Kate Nash has been a delightful experience once more. We were excited to assist Kate during this transaction, collaborating closely with Mike Linford from Talbots. This strategic alliance will enable PurpleSpace to preserve the essence, principles, and culture of the company, and we send our best wishes for their future.”
For more information about our team and the corporate support available to businesses across the country, visit: www.talbotslaw.co.uk/site/business/ or call our New Enquiries Team on 0800 118 1500.
Or to learn more about PurpleSpace and the work they do for disabled people in the professional community, visit: https://www.purplespace.org/