Tughans has advised the shareholders of AuditComply, a Belfast-based developer of compliance software, to Nulogy, a Toronto-headquartered provider of cloud-based manufacturing operations solutions.

 

This transaction represents a significant and successful exit for Co-Fund NI, managed by Clarendon Fund Managers. Co-Fund NI initially backed AuditComply in 2015, investing alongside a group of private angel investors to support the company’s early-stage growth. Subsequent funding rounds included participation from BGF, First Derivatives, and British Business Investments via its Regional Angel Programme.

 

As part of Nulogy, AuditComply shares a common vision of supporting manufacturers with digital tools and data-driven solutions to manage compliance and operational processes, enabling them to scale their operations efficiently in today’s marketplace.

 

The Tughans team on this transaction was led by Paul O’Brien and supported by Joshua Hunter.

 

Tughans Corporate team was pleased to provide legal and strategic advisory support throughout the sale, ensuring a successful transaction for all shareholders.