The corporate team at Cheltenham based BPE Solicitors has acted for Frontier Resources International Plc, an AIM listed company, on its reverse takeover of Concepta Diagnostics Limited, a women’s healthcare company.
Concepta Diagnostics is a private healthcare company based in North Yorkshire which was established in 2013. The company specialises in women’s health with a primary focus on fertility issues, and is a leading developer of personalised mobile health diagnostics.
The deal, led by BPE Equity Partner Anthony Rudge and Senior Associate Emma Payne, saw Frontier Resources acquire Concepta for just over £3 million, settled in a mix of new ordinary shares and cash. Frontier also raised additional working capital through a placing and open offer.
Commenting on the deal, Adam Reynolds, Executive Chairman of London based Frontier, said: "We have found a compelling acquisition target in Concepta which we believe is in the best interests for the Company and wider stakeholders.
“We chose to work with BPE’s corporate team because of its experience and expertise, both of which have helped to see this deal through to its highly successful conclusion. Anthony and his team have been on hand throughout to give clear and pragmatic advice whenever needed, and we look forward to their continued support in the future.”
Anthony Rudge said: “We have worked with Adam Reynolds on many of his AIM deals and we look forward to working with Frontier and Concepta on the development of their exciting technology”.
AIM is the part of the London Stock Exchange that allows smaller companies to float shares with a greater degree of flexibility than the main market.
The corporate team at BPE prides itself on the sound legal advice and support it provides to businesses throughout their development. They are more than just lawyers; they are trusted business advisers for their clients, aiming to help structure businesses to achieve sustained growth. From starting a new business to development through growth, joint ventures, buying, selling, or floating on the stock market, BPE’s corporate team has the breadth and depth of experience to support a business through every stage of its lifecycle.