BPE helps secure takeover deal
By Rob Freeman | 25th November 2020
BPE Solicitors has acted for a long-standing technology platform client to complete an all-equity takeover.
The Cheltenham solicitors advised DeepVerge - formerly Integumen - on the deal for water monitoring firm Modern Water.
DeepVerge's Labskin platform is used by partners in artificial intelligence, clinical research, water technologies, medical devices and life sciences.
A laboratory-grown skin, it allows skincare and healthcare companies, pharmaceutical manufacturers and cosmetic companies to test their products on human-like skin in a real-world environment.
DeepVerge and Modern Water have been working together since signing a production and logistics agreement earlier this year with DeepVerge contracted to produce test kits for Modern Water.
This collaboration identified a number of synergies between the two companies which led to DeepVerge's decision to make a takeover offer for Modern Water.
Corporate partners Anthony Rudge and Louise Grzasko led the BPE team advising DeepVerge on the takeover offer, working alongside SPARK Advisory Partners, the company's nominated adviser.
DeepVerge chief executive Gerard Brandon said: "I'm delighted to have worked alongside the team at BPE on another acquisition in support of our business' growth objectives.
"The corporate team at BPE is highly experienced and they always go above and beyond to get a deal done."
BPE's corporate team has previously advised DeepVerge on a range of acquisitions and fundraisings designed to facilitate the company's growth plans.
Mr Rudge said: "We are pleased to have advised DeepVerge on this strategic takeover.
"We have advised the company for more than four years now on a number of fundraisings and acquisitions and we are happy to be able to support their success story."
Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.