Case Studies

Bates Wells acted for start-up media company Banjo Television Limited on the investment it received from Viacom through its TV production company Channel 5 Broadcasting Limited and production division Elephant House.

Bates Wells’ corporate team acted for FairFX Group plc (FairFX), the AIM quoted online international payment services provider, on its acquisition of CardOne (Spectrum Financial Group Limited) for a consideration of £15 million and its fundraising by way of Placing and Open Offer which raised in aggregate £27.7 million.

Bates Wells’ AIM team acted for Blenheim Natural Resources Plc (“Blenheim”) on its oversubscribed £750,000 placing (the “Placing”).  Blenheim raised a total of £750,000 before expenses through a placing of 214,285,714 ordinary shares of 0.1 pence each in the capital of the company at a placing price of 0.35 pence a share.  In connection with the Placing, Blenheim granted warrants to the subscribers of the ordinary shares on the basis of one warrant for every ordinary share taken up under the Placing, each entitling the holder to subscribe for a further ordinary share at a price of 0.65 pence per share.

Transaction: Bates Wells’ cross departmental M&A team acted for FM Conway Limited (“Conway”) on its acquisition of United Construction Materials Limited, the parent company of United Asphalt (“United Asphalt”).

Transaction: Bates Wells’ corporate team acted for Perkbox Limited (“Perkbox”) on its oversubscribed equity fundraising that raised £4.36m from specialist technology venture capital firm Drapers Esprit, crowdfunding platform Seedrs and Perkbox’s existing investors and management team. The funding will be used to expand its product portfolio and develop its smart technology, marketing and account management resources.

Bates Wells’ cross departmental M&A team acted for FM Conway Limited (“Conway”) on its acquisition of Berkshire Macadams Limited (“Berkshire Macadams”).  

Transaction: Bates Wells acted for Campbell Page Group Limited of Australia on transferring ownership of Campbell Page UK Limited (“Campbell Page UK”) – a charity registered in England and Wales – to WISE Ability.

Transaction: Bates Wells’ cross departmental team acted for Schleuniger Holding AG (“Schleuniger”) on its acquisition of a 20 per cent stake in LW Solutions Ltd (“LWS”), a manufacturer of laser wire stripping machines for the stripping of insulation from high-tech cables and wires.

Transaction: Bates Wells’ cross departmental team acted for the shareholders Eos Wealth Management Limited (“Eos”), a financial advisory firm with over £300 million of assets under advice, in the sale of Eos toClose Brothers Asset Management (“Close Brothers”).