Bird & Bird's Corporate team in London recently advised the founders and shareholders of Applied Market Information Limited (AMI) on the sale of their majority stake to Alcuin Capital Partners. AMI is a leading provider of information services to the global plastics industry through syndicated reports, databases, digital magazines, consulting and conferences. This sale is a key investment for Alcuin Capital Partners, who specialise in growth capital investments and management buy-outs for smaller-middle market companies in the UK.
The Bird & Bird team worked with financial advisors Corbett Keeling on the sale of the majority stake in AMI from the original founders and shareholders. The legal requirements of the sale (completed by auction on 22nd May 2015) were extensive, as AMI serves global customers from its offices in the UK and US.
Andrew Reynolds, a director of AMI said: "We are delighted with the outcome of this deal, and believe that Alcuin Capital Partners will be able to provide the experience to work with AMI and help develop it even further. Bird & Bird was an excellent choice for us; they provided a thorough and professional approach and worked diligently throughout the process. It was a great pleasure to work with them."
The Head of the Bird & Bird UK Corporate group, Neil Blundell, said: "We were delighted to be able to work with the founders and shareholders of AMI on this deal. Our Corporate Group has worked on a great number of shareholder sales, particularly for growing technology companies. We are very glad that our clients recognised that this experience put us in a good position to advise them on this sale."
The Bird & Bird team comprised Neil Blundell (Partner), Shing Lo (Associate) and Mumuksha Singh (Associate).