Case Studies

Transaction: Bates Wells acted for P2i Limited on a series of three private equity fundraisings, including a £12 million private equity fundraising from OMBU Group and NAXOS Capital Partners, two of the five existing private equity investors. This was followed by two rounds of subsequent financing from both existing and new investors to support the continued rapid growth of P2i Limited. Bates Wells advised P2i and its management on the funding and the reconciliation of competing shareholder interests.

Transaction: The reverse takeover of Northcote Energy by Everest Energy Limited for $10m. On completion Everest Energy Limited (renamed Northcote Energy Limited) was admitted to AIM and completed a Placing to raise £1m. Northcote is a US-focused on-shore oil exploration and production company.

Transaction: The admission to AIM of Centurion Resources Plc and a placing and subscription to raise £1 million. Centurion is focussed on the exploration and development of copper assets in Austria. Bates Wells acted for Beaumont Cornish Limited in its capacity as Nominated Adviser and Joint Broker and for Merchant Securities Limited in its capacity as Joint Broker.

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.

Transaction: Bates Wells acted for Beaumont Cornish and Beaufort Securities in connection with Frontier’s £1.8m placing of new shares and admission to AIM.

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.

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.

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.

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.