Osborne Clarke has advised the shareholders of accident rehabilitation and medical reporting specialist React & Recover Medical Group Limited on its sale to Quindell Portfolio plc, the acquisitive AIM-traded technology and outsourcing group, for £13m via a mixture of cash and shares.

Head of Business Transactions, Ray Berg and Associate Director Thomas Colmer led for Osborne Clarke assisted by tax solicitor Mark Braude.

Peter Laithwaite, Managing Director of the React & Recover group of companies said: “This transaction was complex and required significant legal guidance. Having completed one previous transaction with Quindell (iSaaS Technology Limited) with OC as our legal advisers, I felt extremely confident in engaging for a second transaction."

David Pearce, Medical Director of the React & Recover group of companies said: "Working with Osborne Clarke on completing this deal has been both simple and cost effective. Advice has been practical and helped build a good working relationship with our acquirers at the same time as addressing significant issues within the deal structure through constructive and good natured dialogue. The whole team have been a pleasure to work with.”

Tom Pennington of Baker Tilly’s Corporate Finance Group advised react and Recover Medical Group Ltd.

http://www.osborneclarke.co.uk/media/sectors/life-sciences/2013/osborne…