Travers Smith is advising Cenkos Securities plc, as financial adviser, sponsor and broker, and Investec Bank plc, as broker to Assura Group Limited (“Assura”) (the Guernsey incorporated medical property operator), on its recommended offer for AH Medical Properties plc (the “Offer”) and related placing and open offer on the Official List.
The placing and open offer is expected to raise £23 million, which will be used to fund the cash alternative under the Offer and to provide working capital for future acquisition and development opportunities. The acquisition is valued at £28 million and will create the largest listed primary care medical property and pharmacy group in the UK.
The Travers Smith team was led by Corporate Finance partner Philip Cheveley and included Corporate Finance associate Athene Blakeman.
