Picture shows from left to right: David Snell, Partner, PwC; Dru Danford, Head of Corporate Banking and Advisory, Shore Capital; Chris Cardon, Chief Executive Officer, Animalcare Group plc; Iain Menneer, Chief Operating Officer, Animalcare Group plc; and Sophie Raworth, AIM Awards presenter.
Animalcare has been awarded Transaction of the Year at the 2017 AIM Awards.
The York-based animal health company was recognised for its transformational reverse takeover of Ecuphar, a European veterinary pharmaceuticals products company.
The final consideration payable amounted to £135m, through the issue of shares and cash to Ecuphar’s vendors, with an enlarged market capitalisation of c. £210m.
Panmure Gordon acted as Nominated Adviser, lead Bookrunner and Broker to Animalcare on the takeover and associated share offering of £32.7m.
According to Aim, this Transaction of the Year award marks “a significant achievement by a company in transforming itself, literally at a stroke, and thereby creating significant shareholder value.”
The AIM Awards, now in its 22nd year, identifies the quoted companies and entrepreneurs who have harnessed AIM to help them fulfil their ambition and growth potential in the previous twelve months.