Ropes & Gray Advised Long Path Partners on Take-Private Acquisition of Idox plc

Ropes & Gray has advised Long Path Partners (Long Path), a US-based investment manager, on the acquisition of Idox plc (Idox), a leading UK provider of specialist information management software and geospatial data solutions to the public sector and regulated industries, by Frankel UK Bidco Limited, a newly formed company indirectly owned by funds managed by Long Path

Under the terms of the transaction, Idox shareholders are entitled to receive 71.5 pence in cash for each Idox share, valuing Idox at approximately £339.5 million on a fully diluted equity basis. The offer price represents a premium of approximately 26.8% to the closing price of Idox shares on October 27, 2025, and a 29.3% premium to the one-month volume-weighted average price.

For more than 25 years, Idox has served as a trusted technology partner to local authorities, regulators, and industrial clients, delivering mission-critical software that underpins planning, building control, environmental health, licensing, elections management, and engineering information management. Today, more than 90% of UK local authorities rely on Idox software to deliver core public services to their citizens.

The Ropes & Gray team was led by asset management partners Sarah Davidoff and Jeremy Liabo, and private equity partners Shona Ha and Elizabeth Todd, with support from asset management counsels Charles Humphreville and Anne Fox, private equity senior associate Jake Penniman, private equity associate Michael Asprou, and asset management associates Marissa Brown, Leah Pacht Gopin, and Enyu Li.