Fieldfisher advises infection control specialists Tristel on €6.8 million European distributor acquisition
Cross-border corporate team advised AIM-listed Tristel on its purchase of distribution business Ecomed Group, marking the latest deal for the firm's flagship Life Sciences sector.
European law firm Fieldfisher advised AIM-quoted life sciences company Tristel plc on its recent purchase of Belgium-headquartered distribution business, Ecomed Group.
Tristel, which manufactures infection control products for hospitals, veterinary practices and cleanrooms, agreed to pay up to €6.8 million (£7.6 million) in a combination of cash and shares for privately-held Ecomed.
Ecomed is the exclusive distributor of Tristel products in the Benelux region and France.
Successful execution of the deal, which closed on 19 November 2018, involved the co-ordination of advice across four jurisdictions (England, Belgium, France and the Netherlands), accommodating variances in market practice within each jurisdiction.
The deal also had to be structured to take account of the implications of potential future Brexit scenarios.
A team of lawyers across Fieldfisher's London, Brussels, Paris and Amsterdam offices advised on the deal, led by partner Jonathan Brooks and solicitor Natasha Scanes, both based in the firm's London office.
Commenting on Tristel's acquisition, Fieldfisher corporate partner, Jonathan Brooks, said:
"We are delighted to have brought this exciting deal to a successful conclusion for Tristel.
"The acquisition showcased Fieldfisher's ability to operate seamlessly across different jurisdictions to deliver a satisfactory outcome for our client.
"It also illustrates our position as a leading legal adviser to London AIM-listed clients and to the wider life sciences sector, both in the UK and internationally."
Fieldfisher is a European law firm with market leading practices in many of the world's most dynamic sectors. We are an exciting, forward-thinking organisation with a particular focus on energy & natural resources, technology, finance & financial services, life sciences and media.
The firm is the fourth largest adviser to companies listed on London's AIM market.
Our network has more than 1,450 people working across 24 offices providing highly commercial advice based on an in-depth understanding of our clients' needs.
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