Bird & Bird, a leading international law firm, is pleased to announce that it has been advising new client Seymour Pierce, the nominated adviser and broker, on the reverse takeover of AIM company BASE Group plc by Shieldtech Limited and the admission of the enlarged group on AIM and associated placing. The placing has raised £10 million. The company will be admitted with the name Shieldtech plc.
Shieldtech is a leading designer, manufacturer and distributor of body armour to UK police forces. It is also well-positioned in the growing MoD and export markets. Its equipment is designed to provide protection against knives and bullets. Bird & Bird acted on all the corporate aspects of the deal. The team was led by corporate partner Alistair Crellin.
Commenting, Alistair Crellin added:
“We were very pleased to have successfully supported Seymour Pierce throughout this transaction. Bird & Bird has a strong track record of advising on AIM deals and we were pleased to be able to support this new client with this important deal”.
The Base Group was represented by Nabarro and Manches acted for Shieldtech Ltd.
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Notes to Editors
About Bird & Bird
Bird & Bird is a full service international commercial law firm with an in-depth knowledge of chosen industry sectors. We focus on aviation & aerospace, communications, banking & financial services, e-commerce, information technology, life sciences, media and sport.
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