Wallace advises ParentPay Group on acquisition of SchoolHire

Wallace has advised ParentPay Group, a UK-based provider of school payment and parental engagement services, on its acquisition of SchoolHire.

ParentPay Group, the leading Ed-Tech business in Europe, help schools create more time for learning by providing leading education software solutions under one platform.

SchoolHire provides a specialist online booking and payment platform that enables schools and other educational organisations to efficiently manage the hire of facilities such as sports halls, astro-pitches, swimming pools, and meeting spaces.

The deal provides ParentPay Group with a platform to make schools smarter by reducing administrative burden and unlocking new income by managing lettings, bookings, and payments in one system.

Wallace advised on the purchase with a team led by Andrew Cooke (corporate) assisted by Charlotte Wheeldon and Imogen Kelland (corporate), James Williams and Amber Fraser (employment), Alexander Egerton (commercial) and Jackie Boot (property).

Michael Weatherston, Group General Counsel, ParentPay Group, commented: “We are delighted to welcome SchoolHire to the ParentPay Group. Andrew Cooke and the team at Wallace did a fantastic job on a challenging transaction.”

Andrew Cooke, Partner at Wallace, commented: “We’re delighted to continue to provide legal advice to ParentPay Group most recently on its purchase of SchoolHire. The deal will support its continued growth in the EdTech sector. It was a particular pleasure to work with and support ParentPay Group General Counsel, Michael Weatherston, on this transaction also.”