Ward Hadaway advises on £13m private equity purchase
8th April, 2013
UK Top 100 law firm Ward Hadaway has advised equity investor Growth Capital Partners on its purchase of international healthcare communications firm Fishawack in a deal worth £13m.
GCP’s investment will fund the acquisitive growth strategy of the business as it looks to expand internationally.
Fishawack was founded in 2001 by Oliver Dennis and Dominic Miller and now has over 120 employees based in Knutsford and Abingdon in the UK, Basel in Switzerland and Philadelphia in the USA.
It provides medical communications to 12 of the world’s top 20 largest global pharmaceutical companies.
GCP will take a majority stake in the business and Simon Jobson, partner at GCP, will take a seat on the board.
Simon commented: “Our flexible funding structure will support the business in its next phase of development as it looks to expand internationally and we have the necessary hands on experience to drive the business forward through a buy and build strategy.”
Ward Hadaway’s team was led by the firm’s Head of Corporate, Martin Hulls and Corporate Partner, Melanie Yeomans.
Martin said: “Working on this equity finance deal has involved specialists from across the firm, including corporate finance, employment, tax, pensions, intellectual property and real estate.
“The full service nature of our firm ensures we will always be in a position to draw on such specialist expertise to meet our clients needs in the most efficient and effective way.”
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