Hammonds has advised Melorio plc on the recommended cash offer for the entire issued and to be issued ordinary share capital of the company made by Pearson plc, in a deal which values Melorio at £99.3 million.
Melorio is one of the UK's leading vocational training groups. Employing 1,110 people and operating nationwide, Melorio delivers training and skills solutions across a number of major industries, including ICT, construction, logistics and health and social care, focusing its expertise and experience on school leavers and adult learners. Aligned to the agenda of the UK Commission for Employment and Skills, Melorio delivers training and development to more than 15,000 people every year, operating from 49 centres across the UK.
The Melorio Group includes Zenos, a leading provider of vocational education and IT professional training, and Learning World Academies. These organisations offer high quality training and apprenticeships to young people.
Melorio was first admitted to trading on AIM in October 2007 and was readmitted to trading in December 2008 following the reverse takeover of Zenos. Hammonds has been Melorio's principal legal adviser since the beginning of 2008.
Hammonds corporate partners James McKay and Giles Distin led the team advising Melorio.
Pearson plc is an international education and information company, providing educational materials, technologies, assessments and related services to teachers and students. The company was advised by Freshfields.
For further information contact:
Nicola Woodmass, Head of Communications, Hammonds LLP, on 0121 222 3690 or email: firstname.lastname@example.org