International law firm Osborne Clarke has advised Wilmington plc ("Wilmington"), the UK listed provider of data, information, education and training in the global Governance, Risk and Compliance markets, on the sale of its European healthcare businesses for an aggregate consideration of up to approximately £48.5 million.
Wilmington completed the sale of its UK, Spanish and Swedish Healthcare Business on 27 June 2024 to Inspirit Franklin Holdings Ltd, an entity ultimately owned by funds managed by investment firm Inspirit Capital. This transaction follows the sale of Wilmington's French healthcare business APM on 26 April 2024 to Philia Medical Editions SAS, a French subsidiary of Europa group.
Osborne Clarke proved invaluable. Our huge appreciation to Jonathan and the rest of the Osborne Clarke team – first class advice. We look forward to working with them on future opportunities.
Richard Shamsi, COO of Wilmington, said: "We have worked with Osborne Clarke on a number deals. This was a complex transaction spanning multiple jurisdictions; it was therefore vital we had a legal team with strong multi-jurisdictional M&A experience, underpinned by technical excellence across a number of specialisms. Osborne Clarke proved invaluable. Our huge appreciation to Jonathan and the rest of the Osborne Clarke team – first class advice. We look forward to working with them on future opportunities."
It's been an absolute pleasure to support the Wilmington team again across our European franchise on another successful transaction, the fourth in the last 18 months.
Jonathan King, Corporate Partner, commented: "It's been an absolute pleasure to support the Wilmington team again across our European franchise on another successful transaction, the fourth in the last 18 months. We wish them every success as they continue to build an impressive platform in the international GRC market."
The Osborne Clarke team was led by Corporate Partner Jonathan King, supported by Associate Director Chris Benjamin, Senior Associate Oliver Woods and Associate Elizabeth Britchford. Partner Mathew Oliver and Senior Associate Helena Zaba advised on tax matters, Associate Director James Hunt on the debt arrangements, and Partner Ed Barratt and Senior Associates Jaskirat Singh and Celine O'Connor provided commercial advice. Additional support was also provided by Partner Tom Lewis, Associate Director Ed Nisbet and Trainee George Elliston in relation to intra-group structuring matters. Counsel Sara Barona and Lawyer Pilar Diaz provided Spanish corporate law support from Osborne Clarke's Barcelona office, and Stockholm Partner Mikael Nelson led on Swedish law aspects of the transaction.
The Osborne Clarke team in Paris advised Wilmington in relation to its disposal of its French healthcare business APM.
Osborne Clarke's Corporate team is considered a go-to practice for many companies, working with global businesses in a range of sectors including retail and consumer. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.
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