LG advises on string of healthcare acquisitions
8 December 2006
LG has acted for AIM listed Healthcare Locums Plc on its acquisition of the entire issued share capital of Blue Group International Holdings Limited - one of the leading qualified social work agencies in the UK - for a value of £14 million.
This was the largest in a string of five acquisitions on which LG has advised Healthcare Locums in the last two weeks, one of the UK’s largest and fastest growing specialist healthcare recruitment companies. LG also acted on the associated Placings raising £17.5 million.
Corporate partner Tim Casben led the LG teams advising on the purchases with assistance from corporate solicitors Karima Hudson, Farhod Moghadam and Rebecca Gordon.
Tim said: "We are very pleased to have assisted Healthcare Locums with these strategically important acquisitions. Since this ambitious company was founded four years ago, we have advised on its AIM flotation and on 12 acquisitions."
LG solicitors Michael Murphy and Angela Bishop advised on the tax and share options of the deal.
Olswang advised Blue Group International Holdings Limited.
Notes to editors
- LG is a London-based business law firm that has advised on over 200 AIM transactions raising in excess of £2.3bn – over 7% of all monies raised on AIM.
- In 2006, LG's growing practice has advised on AIM transactions representing 10% of all money raised.
- With over 270 lawyers, LG advises entrepreneurial and growth market clients seeking to raise capital for their business ventures.
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Tim Casben
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