Hammonds has advised Melorio plc, the AIM listed vocational training business, on the reverse takeover of Zenos Limited and Zenos Learning Limited for a consideration of up to £33m.
Zenos provides vocational training to the ICT sector and operates from a number of training "academies" across the UK. The acquisition represents a strategic move into the ICT sector for Melorio, which currently provides vocational training in the construction sector through its subsidiaries, Construction Learning World Limited and HB Group Limited.
This is the second acquisition that Hammonds has advised Melorio on since the summer, the acquisitive plc having bought HB Group in October.
The transaction was led by corporate partners James McKay and Giles Distin, with assistance from Patrick Ford and Aaron Walker, and banking partners David Sachs and Iain Shurwood provided advice on the financing of the transaction.
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Nicola Woodmass, Head of Communications, Hammonds, on 0121 222 3690
In May 2008, international law firm Hammonds became a limited liability partnership. Hammonds LLP and its affiliated undertakings has offices in Birmingham, Leeds, London and Manchester in the UK, and in Berlin, Brussels, Beijing, Hong Kong, Madrid, Munich and Paris.