Corporate experience

Major matters include:

  • acting for the principal shareholders of Accurate Software in the sale of their shares to Nasdaq-listed Checkfree Corp for a consideration of £29.5m
  • the acquisition by PHS Group plc of well over 100 companies and businesses at prices ranging from a few hundred thousand pounds to £30m
  • the disposal by BP Chemicals and BP Oil of various businesses at prices ranging from £9m to £37m. In all cases, we were involved throughout the process, and in particular we assembled and managed the data room and Q&As from the bidders and rehearsed the management team in its presentations to bidders
  • the acquisition by Vanguard Response Systems Inc (listed on the Toronto Stock Exchange) of PW Allen Holdings Limited for a consideration of approximately £15.3m
  • the auction sale of GasForce Limited for over £20m to Connaught plc (an AIM-listed company). We acted for the management team in the original employee and management buy-out and remained their advisers through the successful sale
  • the MBO of a major double-glazing manufacturer Glass Systems Limited, backed by HSBC
  • acting for the management team on the Clydesdale Bank-backed MBO of domestic and industrial lighting supplier, där Lighting Limited
  • the £110m MBO of Connect plc from TotalFinaElf. We acted for the management and the deal was funded by a mix of equity and debt. We continue to act for Connect
  • acting for small private equity funds such as Finance Wales, Wales Fund Managers and UK Steel Enterprise on a number of investments at various stages to include start ups, expansions and acquisitions
  • the admission to AIM of two cash shell companies called General Industries plc for a group of private investors and their subsequent reverse takeovers of, respectively, HACAS and Celltalk. We have now floated a third shell for these clients
  • the reverse takeover of Agenda Television Limited by AIM-listed Tinopolis plc
  • the successful recommended public offer by its management team for Donatantonio plc
  • acting for Elevation Events in the flotation on AIM and subsequent placing and double reverse takeover
  • the scheme of reconstruction by which Windsor Group was divided into a property trading group and a property investment group so as to improve the efficiency of operation and to create a more tax-efficient structure
  • the establishment by Smith & Nephew plc of a new subsidiary company in Finland and related share purchase, asset transfer and commercial agency agreements
  • advising on a joint venture between a limited liability partnership from the health sector formed of 40+ surgeons and other consultants, with an American health provider, the JV aiming to procure and build an independent hospital in the Oxford area
  • many other disposals of companies and businesses for individuals, families, investor groups and companies at prices ranging from under £1 million to over £100 million.