21 June 2021
Law firm Stephenson Harwood LLP has advised finnCap, in its role as nominated advisor and broker, on Access Intelligence PLC’s £19.4 million acquisition of Isentia Group, and associated £50 million fundraise.
Access is an AIM listed technology UK-based software company, and Isentia Group is an Australian-based media intelligence and data technology firm.
The acquisition is being undertaken by way of a scheme of arrangement in Australia, and is subject to shareholder approval by Access, Isentia and the courts in Australia. In order to fund the deal and to repay Isentia’s existing senior debt, Access has also announced a £50 million fundraise, which comprises a placing and subscription of new shares, at a price of 120 pence per share.
The acquisition constitutes a reverse takeover for Access under the AIM rules and will enable both businesses to combine and align their expertise, in order to provide a wider product offering to clients across a larger geographical reach.
The Stephenson Harwood team was led by corporate partner Tom Nicholls, who was supported by corporate associate Jack Digby.
For further information, please contact:
Rose Charteris, Communications And PR Executive, Stephenson Harwood
rose.russell@shlegal.com
