Squire Patton Boggs has advised Instem plc in connection with its c.£203 million recommended takeover by Ichor Management Limited, a company incorporated by funds controlled by global investment firm Archimed SAS.
Instem plc is a leading provider of IT solutions and services to the life sciences market, with more than 700 international clients. Instem’s European headquarters are located in Staffordshire, UK, and its North American headquarters in Philadelphia, US. Instem also has a presence in China, India, Japan, France, Romania and Switzerland. Instem was founded in 1969 and its shares were admitted to trading on AIM in 2010.
The multipractice team advising Instem plc was led by Equity Capital Markets partner Louise Barber and Private Equity partner Giles Chesher and included Chris Blair, Tom McClusky and Harry Jackson from the Corporate practice working with specialists across the firm handling tax, employee incentives, competition, UK NSIA, pensions and US securities law and regulatory matters.