Michelmores advises Modern Water plc on all-share AIM merger
The Michelmores M&A team, led by corporate partners Ian Binnie and Edwin Richards, has advised the independent board of AIM-quoted client Modern Water plc in its £52 million recommended all-share merger with AIM-quoted DeepVerge plc structured as a contractual offer under the Takeover Code.
Modern Water director, Dr Nigel Burton, commented:
"The Modern Water board are grateful for the support and guidance provided by our experienced legal advisers Michelmores LLP who, led by London corporate finance partner Ian Binnie, worked seamlessly with our financial advisers Cairn to meet demanding deadlines. Michelmores' experience advising on public M&A transactions was invaluable."