International legal practice Osborne Clarke has advised Shore Capital in its capacity as sponsor and sole bookrunner on the successful £15 million equity fundraising for UP Global Sourcing Holdings plc (Ultimate Products) and its class 1 acquisition of Salter Brands Limited. Ultimate Products is the owner, manager, designer and developer of an extensive range of value‑focused consumer goods brands and is listed on the premium listing segment of the Official List.
Ultimate Products has conditionally raised £15 million (before expenses) through a placing and PrimaryBid offer to part finance the £32 million acquisition of Salter Brands Limited, the UK market leader for bathroom and kitchen scales.
Shore Capital acted as sole sponsor and bookrunner in connection with the acquisition and fundraising.
The Osborne Clarke team that advised Shore Capital on the transaction was led by Partner Jonathan King who was assisted by Senior Associates Kate Mellor and Stuart Miller.
Osborne Clarke’s Corporate team is considered a go-to practice for many companies, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.
