Acuity 2021 Corporate Deals Round-up
After Acuity’s great success at the Insider Wales Dealmakers 2020, receiving awards for Legal Team of the Year and Emerging Dealmaker of the Year awarded to our Corporate Senior Associate, Tom Saunderson, we’ve produced a compilation of some of the fantastic deals our award-winning Corporate team have lead.
Acuity advises Business Systems (U.K) Limited and its shareholders on private equity investment
Established in 1987 by Richard Mill and Stephen Thurston, BSL specialises in providing mission-critical Enterprise Communications Solutions to enable digital transformations for contact centres, public sector customers, and trading floors. BSL is highly respected in the communications market having built an enviable reputation for implementing complex projects – it counts top blue-chip institutions as well as many global tier-one banks amongst its customers, including Bank of England and Standard Life.
The investment from August Equity will enable BSL to better serve its customers and partners, and develop further opportunities to enter new markets (domestic and internationally).
Acuity Law advises Bond Digital Health on investment
Bond Digital Health’s pioneering technology is at the forefront of the fight against the coronavirus – its data management platform, Transform®, collects, stores and shares data from lateral flow diagnostic tests, the same type of rapid tests that are being widely used in the COVID-19 outbreak.
A version of Transform® is currently in-market, powering a Canadian client’s COVID-19 rapid antigen test.
Bond Digital Health will use the funding to create new high-value jobs to develop and market its technology with a view to helping more people and businesses do better with data.
Acuity Law advises on the sale of Jane IT Systems Limited
Jane IT is an HR and payroll applications provider, which offers a range of HR management solutions to organisations across the UK. Acuity Law advised the founding shareholders of Jane IT in connection with the sale of the company to the Juniper Education group, a multi-national education support service provider with a growing portfolio of innovative software solutions.
Nigel Sargent, founding shareholder of Jane IT, commented “The Acuity team were proactive and helpful throughout the transaction process. Phil and his team were always on hand to assist and worked hard with us to ensure that the deal was concluded on time.”
Acuity Law advises on the sale of Lite IP Limited
Lite IP develops, manufactures and supplies wireless lighting control systems, and has an established portfolio of “smart lighting” products and applications.
Acuity Law advised the founding members of Lite IP in connection with the sale of the company to the Glamox Luxonic Limited, a UK subsidiary of the “Glamox Group” which develops and manufactures lighting solutions worldwide.
David Lippold, founding shareholder of Lite IP, commented “Christian and his team provided unrivalled assistance and support throughout the transaction process. The team were always on-hand with commercially intuitive advice and worked tirelessly towards meeting the tight transaction deadlines.
Acuity Law advises on the £894,000 investment in Hexigone Inhibitors Limited
Hexigone is a manufacturing start-up that offers sustainable corrosion inhibitors across the corrosion industry. Acuity Law advised Hexigone on the investment from the British Business Bank Future Fund as well as investment from new enterprise investment scheme investors and existing investors such as the Development Bank of Wales. The investment is an excellent milestone and will see the company go from strength to strength through its expansion and scale-up of its manufacturing business.
Patrick Dodds, CEO and Founder of Hexigone, commented as follows: “The Acuity team helped Hexigone from the outset of the transaction and guided the company through the different elements of the investment. Phil, Chiara and Elena were proactive and on hand to support the company throughout the process to ensure a smooth and successful completion.”
Acuity Law advises Portman in the successful purchase of nine dental businesses
In an action-packed five weeks, the Acuity healthcare team advised Portman Dental on the successful purchase of nine dental businesses in England.
Starting with the purchase of Hob Hey Dental in Warrington on 29 January and ending with the purchase of Heath Dental in Fleet on 2 March, the Acuity team (led by Jon Lawley and comprising Charlotte Whitehead, Madie Chapman, Chris Doherty, David Williams, Ffion Morgan, Katie Shanahan, and Andrea Burgess) pulled out all the stops with seven completions coming in four days and one deal completing a mere 28 days after heads of terms were signed.
Corporate Partner, Jon Lawley commented “I am delighted with the strength and depth demonstrated by Acuity’s Portman team. This is a true testament of our relationships as ‘trusted business advisors’ to Portman Healthcare. Portman’s deal times have nearly halved in the first two months of this year which has allowed us to increase the number of deals we’re taking on from them.”
Can we assist your business in securing funding or mergers and acquisitions? Contact our award-winning corporate team today.
