Mettoni Group Acquires Troy Holdings

On December 12, 2000, Troy Holdings International Inc. (Troy), the Ontario parent of five UK, US and Canadian companies operating in the computer telephony applications industry, completed the final stage of an acquisition and divestiture strategy when it was acquired by Mettoni Group PLC (Mettoni), a UK corporation listed on the London AIM market. Mettoni acquired 100 per cent of Troy in exchange for cash, shares and assumed options for a total value of approximately $54 million.

The Troy group of companies provide call centre and call management products, operator centre products, client-server software application products, systems integration services for enterprises requiring complex computer telephony solutions, and training and support services. Troy’s stated goals are to take advantage of a fragmented computer telephony industry by acquiring small technology-rich companies and creating distribution synergies through its established sales network in North America and Europe.

Acting for Mettoni in the UK were Taylor Joynson Garrett with a team comprised of Tim Eyles, Anne Currie and Nick Hazell. Mettoni’s counsel in Canada were Fraser Milner Casgrain LLP with a team comprised of Victor Hum, Barbara A. Conway and Matthew Hibbert (corporate), Paul Shantz (real estate), Anneli LeGault (employment) and Audrey Mak (pensions).

McCarthy Tétrault acted as counsel to Troy throughout its acquisition and divestiture program with a team comprised of George S. Takach and Coreen Lawton in the Toronto office, and Robert J. Brant and Dwight Gomes in the London UK office. Representing MCK Communications, Inc. were McDermott, Will & Emery in Boston with a team comprised of Jack Steele, Garrison Smith and Erin Powers Brennan.