London, 29 April, 2020. ScribeStar, a digital ecosystem that improves the efficiency and reduces the cost and time required for document production for capital markets transactions, has been selected by CMS, one of the world’s largest law firms, to join its accelerator program, equIP.
CMS’ equIP programme brings together a network of international start-ups and helps them with their growth ambitions. ScribeStar will benefit from the support and strength of CMS through legal advice and contacts within the legal sector, and through the network effect of partnering with other equIP companies.
Srinivas Suravarapu, CEO of ScribeStar, said: “We are delighted to join CMS’ exclusive equIP programme. It offers us an exciting opportunity to expand the use of our technology in capital markets and leverage CMS’ network of other leading legaltech companies across the world. Our track record in the UK in capital markets keeps growing. In the same way that datarooms went online, we are seeking to bring digital benefits to the capital markets documentation process. Our partnership with CMS takes us a step closer to realising that goal.”
Charles Kerrigan, Fintech Partner at CMS, comments: “We are very pleased to welcome ScribeStar to CMS equIP. The programme has developed a track record of supporting some of the brightest minds in the start-up world, and we think that ScribeStar’s innovative platform will be a perfect fit. ScribeStar is at the forefront of the digitalisation of capital markets transactions, transforming what was previously a manual process into something much more efficient. We plan to work with ScribeStar in our capital markets practice globally and use its technology in other areas of our firm.”
CMS has used ScribeStar for capital markets transactions for almost three years. Mostly recently, in February, CMS completed the Sequoia Economic Infrastructure Income Fund prospectus on ScribeStar’s platform.
Other capital markets documents produced on ScribeStar’s platform include: the Aston Martin IPO registration document and prospectus; both Smithson Investment Trust Plc IPO prospectuses – the first being the largest ever investment trust IPO; S4 Capital plc’s last three fundraising prospectuses; and the Equiniti Group plc rights issue prospectus.
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