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Gloucestershire Business News

Cheltenham solicitors' corporate team completes 13 deals and a takeover in the final quarter

Cheltenham-based BPE Solicitors' corporate team is celebrating finishing 2020 with a strong final quarter.

The firm has revealed the completion of 13 private company deals with an aggregate initial value of more than £55million, as well as a recommended all share takeover offer.

On the private practice side, transactions comprised a mixture of MBOs, exits and private equity investments, with published deal highlights including the MBO of CKF Management Limited, the sale of PSU ICT Limited, the MBO of S&P Contracting Limited and the sale of Cheltenham Family Health Care Centre Limited.

BPE also advised AIM quoted DeepVerge plc on its recommended all share takeover offer for Modern Water plc which completed during the quarter and, at the time of the offer, was valued at £16million.

Partner, Adam Kean said: "It has been an exceptionally busy and positive period for private company transactions across a broad range of sectors and deal types, signalling a degree of confidence in the economy which hopefully will carry forward into 2021 after an unprecedented and challenging 2020.

"The level of private equity activity certainly is a positive trend demonstrating a high degree of investor confidence".

Partner, Louise Grzasko added: "Despite the impact of COVID-19, we have experienced positive levels of public company deal activity during this quarter (and throughout the earlier quarters of the year) and we expect this to continue into the new year".

For support for your business, contact Adam Kean or a member of the BPE Corporate team on 01242 224433.

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