Transaction: BWB acted for NUS Holdings Limited on its recommended cash offers to acquire all of the allotted and issued A shares and B shares in the capital of NUS Services Limited, that it did not already own. NUS Services is the commercial arm of the National Union of Students. It provides significant high value purchasing services, commercial development and infrastructure support to the NUS and Student Unions across the country. The offers have now become unconditional as to acceptances.

Client: NUS Holdings Limited is a wholly owned subsidiary of the National Union of Students. NUS Services Limited is the purchasing consortium arm of the National Union of Students.

Lawyers: On the corporate aspects, David Davies led the team, assisted by Natalie Knight-Wickens. Rosamund McCarthy advised on the constitutional aspects.

Observations: We are delighted that the offers becoming unconditional as to acceptances allows the National Union of Students to progress with its strategic plans for the union as a whole. This transaction further demonstrates BWB’s experience in combining our expertise in corporate finance and the education/not for profit sector.


Posted on 13/02/2014 in Corporate & Commercial

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