Osborne Clarke advises Investec in its capacity as sponsor of £150m Main Market IPO of Medica

International legal practice Osborne Clarke has advised Investec Bank plc, in its capacity as sponsor, on Medica Group plc’s £150m IPO.

Medica is the largest teleradiology provider by revenue in the UK, contracting with the largest pool of consultant radiologists outside of the NHS. The major selling shareholder, CBPE Capital LLP, sold the majority of its stake and retained approximately 11 per cent in the company which it acquired from Nuffield Health in May 2013.

The Osborne Clarke team that advised on the transaction was led by Partner Jon King, who was assisted by associate Stuart Miller.

This is the second Main Market IPO that the team has advised on this year, having advised the sponsor and bookrunners on the successful £105 million IPO of UP Global Sourcing Holdings plc.