Transaction: Bates Wells acted for the retiring partners of Parlett Kent in relation to the closure of their practice and simultaneous arrangements for Leigh Day & Co to become their successor practice. Bates Wells negotiated the legal documentation and liaised with the SRA regarding successor practice matters.
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Transaction: Bates Wells acted for the partners of Butcher Burns LLP on the transfer of their 14 fee earner practice to Teacher Stern LLP. BWB advised on the formal documentation for the merger of the business and advised the Butcher Burns partners on their new arrangements.
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Transaction: Bates Wells acted for Eleco plc on the sale of its building products manufacturing businesses to Omnis Industries Limited. This deal was completed in a two week window due to the need to close the transaction before the month end.
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Transaction: Bates Wells acted for LOTCE Holding Limited on the acquisition of PLUS Derivatives Exchange Limited from AIM-quoted Polemos Plc, formerly Plus Market Group plc. BWB advised on the acquisition and the financial services regulatory issues.
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Transaction: Bates Wells advised a member of the Rank Group on the disposal of its Blue Square Bet online sports bookmaker business to the Betfair Group for £5 million.
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Transaction: Bates Wells acted for Shore Capital as broker to AIM-quoted Northcote Energy Limited in connection with its placing of new shares to raise approximately £1.5 million.
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Transaction: Bates Wells acted for the selling shareholders of iter8 Inc., on the circa £20 million sale of Iter8 to AIM-quoted Quindell Portfolio Plc.
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Transaction: Bates Wells advised the sellers of a South-East based independent child fostering agency on its pre-sale group restructuring and subsequent multi-million pound share sale to a private equity backed company. Key management re-invested part of their proceeds of sale by taking a stake in the acquiring company. The pre-sale restructuring involved the gift of certain freehold properties to a newly created charity and a corresponding lease back of the properties to the target.
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Transaction: Bates Wells acted for AIM-quoted Feedback plc on the sale of its wholly owned subsidiary Feedback Data to AIM-quoted Belgravium Technologies plc. Bates Wells negotiated the sale documentation and helped produce the circular to shareholders to approve the transaction.