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Advisors in Surgical Innovations acquisition combine to demonstrate AIM expertise

Leeds-based Surgical Innovations Group – which designs and manufactures innovative medical technology in collaboration with international surgeons – has been represented in its recent £9.4m acquisition of Elemental Healthcare by Hardy Transaction Management Ltd, hlw Keeble Hawson and James Cowper Kreston.

Other firms involved also included Yorkshire Bank who was advised by Squire Patton Boggs, and WH Ireland who was advised by Pinsent Curtis.

AIM-listed Surgical Innovations is raising £5.5m through a placing to part fund the acquisition of Hungerford-based Elemental Healthcare – a specialist in keyhole surgery which supplies surgical devices to NHS and UK private hospitals. The companies mark a long-standing relationship.

Paul Hardy, director of Hardy Transaction Management Ltd, which is currently advising four AIM listed groups, said: “Advisors brought a depth and breadth of AIM experience to the table which enabled Surgical Innovations Group to complete this important deal within five weeks of heads of agreement.”

Roger Dyson, head of the hlw Keeble Hawson’s corporate team, said: “We were pleased to work with highly respected advisors to bring the purchase – which also gives Surgical Innovations Group a direct route to the UK market – to fruition.”

Elemental Healthcare was advised by Spectrum Corporate Finance and Clark Holt.

 

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