International law firm Bird & Bird has advised Benjamin Goldsmith (and other selling shareholders) on the sale of shares in a number of companies within the clean technology sector to Evergreen Securities plc.
Evergreen Securities is an AIM quoted investment company whose strategy is to acquire holdings in clean technology and renewable energy businesses in Europe, North America and Australasia.
Evergreen Securities has acquired minority stakes in Cleantech Group LLC, a connector of venture, corporate and institutional investors with clean technology entrepreneurs; Carbon Neutral Company Ltd (CNC), a carbon offsetting and climate consultancy business; and Waipuna, an alternative pesticides company and developer of “hot foam” weed and pest control applications.
The aggregate purchase price of the securities is £4,935,621.19 to be satisfied on completion by the payment of £50,000 in cash, the issue of 3,489,111 New Ordinary Shares at the price of £1.05 per New Ordinary Share and £1,222,054 of convertible loan notes.
The Bird & Bird team was led by corporate partner, Simon Fielder. Evergreen Securities was advised by Grundberg Mocatta Rakison LLP.
Bird & Bird’s International Corporate Group has over 100 lawyers specialising in M&A, takeovers and IPOs, including AIM listings, private equity and governance – as well as key support areas such as acquisition and debt financing, employee benefits and tax.
For more information please contact:
Derek Gilmour or Ben Girdlestone
Tel: +44(0)20 7415 6079 / +44(0)20 79826470
Email: firstname.lastname@example.org or email@example.com
Notes to Editors
About Bird & Bird
Bird & Bird is a full service international commercial law firm with offices in Beijing, Brussels, Düsseldorf, Frankfurt, The Hague, Helsinki, Hong Kong, London, Lyon, Madrid, Milan, Munich, Paris, Rome and Stockholm.