The all share offer for AIM-traded Arden Partners PLC from The Ince Group PLC, also traded on AIM. Arden Partners, which has offices in London and Birmingham, is a dedicated corporate adviser and stockbroker to small and mid-cap companies in the UK and their investors. It was founded in 2002 and listed on AIM in 2006. The Ince Group (AIM: INCE) is an international legal and professional services business with offices across Europe, the Middle East and Asia.
Acting as independent financial adviser, we advised the board of Arden on the terms of the offer from Ince. The offer was effected by way of a scheme of arrangement under the UK Takeover Code and our role involved liaising with the Takeover Panel and providing independent financial advice to the board of Arden, as well as working on the preparation of the relevant public documentation and making the approaches to key shareholders to obtain irrevocable undertakings.
WHAT OUR CLIENT SAID:
“As advisers to publicly traded companies ourselves, we understood the remit but needed to retain an independent financial adviser who could get up to speed quickly on what was a complex transaction from a regulatory point of view with aspects falling under the London Stock Exchange, the FSA and of course the Takeover Panel regulations. We knew the Cattaneo team had the technical capability to get to grips with these complexities and respond rapidly when we approached them. Cattaneo were there to support us as needed as we went through the process.”
Steve Douglas, Group Finance Director, Arden Partners