Global law firm Eversheds has advised consumer electronics retailer Expansys on its recommended takeover by celebrity entrepreneur and Dragons Den panellist Peter Jones.

AIM-listed Expansys sells over 30,000 products to customers in over 115 countries. The offer was originally announced on 15 January with a revised increased offer announced on 12 February.

Subject to the receipt by Peter Jones of sufficient acceptances the offer will result in Expansys ceasing to have its shares traded on AIM.

The Eversheds team was led by Alasdair Outhwaite and Steve Nash , with Mathew Gorringe and Amanda Dodsworth advising on the share incentives position.

Anthony Catterson, CEO at Expansys, commented:

“Alasdair and the Eversheds team provided excellent strategic advice throughout the process and project managed the whole process in a manner which was very helpful to the independent board.”