28 Jan 2014 | 04:36 pm |
International law firm Pinsent Masons has advised IP Group on its proposed acquisition by way of a scheme of arrangement of investment business Fusion IP at a price of more than £85 million.
Corporate partner Russell Booker led a team advising the IP commercialisation business on the deal which was announced at the same as a £75 million fund raising and open offer of 45.5 million shares to raise up to £75m by way of a firm placing, open offer and placing.
Commenting on the deal, Russell Booker, said: "The fund raising and acquisition is transformational for both companies providing broader capabilities across the UK. Fusion and IP Group are both innovative in the field of intellectual property and provide essential research across a number of areas.
The deal clearly highlights Pinsent Masons' expertise across the IP and life sciences industry as well as its corporate capabilities."
IP Group, which acquired 20.1 per cent of Fusion in 2009, works with 11 universities in the UK supporting IP development in fields as diverse as computer-aided drug discovery to fuel cell technology and graphene. Fusion currently works with four universities.
The capital raising will enable IP Group to accelerate growth across a number of sectors pursue, novel therapeutics and consider future spin-out companies.
Multinational law firm Pinsent Masons has advised Bestinver Infra, FCR, on the acquisition of an interest in N6 (Concession) Holdings Limited and N6 (Operations) Limited from Sacyr Concessions Limited.
Multinational law firm Pinsent Masons has been named the Most Innovative Law Firm in Europe and won the Energy & Security Transition category at this year’s FT Innovative Lawyer Awards.
Multinational law firm Pinsent Masons has been named as a top ten family friendly employer by the national charity for working parents and carers Working Families.
Multinational law firm Pinsent Masons has hired transactional life sciences specialist Michael Stewart as partner in its Dublin office as it expands its pan-European Technology, Science and Industry (TSI) capabilities.
Multinational law firm Pinsent Masons has hired Corporate Partner Camille Chiari who joined the firm’s Paris Office.
Multinational law firm Pinsent Masons has advised TUI Global Hospitality Fund on the expansion of its hotel portfolio through the acquisition of the newly opened 5-star Emerald Zanzibar Resort & Spa in Zanzibar, Tanzania.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]