Transaction: BWB acted for AIM-quoted Feedback plc on the sale of its wholly owned subsidiary Feedback Data to AIM-quoted Belgravium Technologies plc. BWB negotiated the sale documentation and helped produce the circular to shareholders to approve the transaction.
Client: Feedback plc was a leading technology company at the forefront of innovation in time, attendance and access control systems. Following the sale, Feedback has now become an investing company seeking investments in new areas or those complementary to its old business.
Lawyers: Mark Tasker (Partner and Head of Corporate) and Jonathan Morris (Senior Associate) led the team acting for Feedback plc, assisted by Simran Sandhu (Solicitor).
Observations: This transaction draws on BWB’s core expertise in the AIM market and the technology sector. This was BWB’s first transaction for Feedback and is the latest addition to BWB’s growing roster of AIM clients and transactions in the technology sector.
Posted on 13/06/2013 in Corporate & CommercialBack to Knowledge