Bridgepoint Group plc completed the acquisition of 75% stake in Fera Science Ltd. from Capita plc.
Neil Nicholson, Michael Snook, John Arey, Alastair MacLeod, Eleanor Hart, Caroline Curran and Adrian Magnus of Strata Technology Partners LLP acted as financial advisor to Capita plc. Helen Croke, Brenda Coleman, Alex Robb, Annie Herdman, Dervla Broderick, David Seymour and Paige Berges of Ropes & Gray LLP acted as legal advisor to Bridgepoint Group plc. Andrew Howson and Mark Jones of Bdo Uk Ltd acted as due diligence provider to Bridgepoint Group plc.
Bridgepoint Development Capital IV a fund managed by Bridgepoint Advisers Limited, Bridgepoint Development Capital and Bridgepoint Group plc (LSE:BPT) completed the acquisition of 75% stake in Fera Science Ltd. from Capita plc (LSE:CPI) on January 17, 2024. Cash proceeds of £62 million were received on completion, which included the settlement of intercompany balances owed by Fera to the Group of £0.1 million. James Cook of Womble Bond Dickinson acted as legal advisor to the management at Fera Science Limited. Sentio Partners also provided corporate finance advice to the managers.