Inspecs Group plc’s £140 Million IPO

Macfarlanes has advised Inspecs Group plc, on its IPO on the London Stock Exchange’s AIM market.

The transaction values the company at approximately £140m and raises new gross proceeds for the company of approximately £24m as well as allowing existing shareholders to realise gross proceeds of approximately £70m.

Macfarlanes has also advised Inspecs on a new revolving credit facility of $25m provided by HSBC in connection with the IPO.

Inspecs is a designer, manufacturer and distributor of eyewear frames.

The transaction was led by corporate M&A partner Harry Coghill (Picture), with assistance from senior counsel Mark Slade and solicitors James Wilkes and Tim Wickenden. Commercial advice was provided by partner Will Hedges and solicitor Giles Neoh. Advice on the financing aspects came from partner Jat Bains and solicitor Valery Nformba and tax expertise was provided by partner Jeremy Moncrieff and senior solicitor Laura Foley. Partner Rob Collard and senior counsel Rasmus Berglund provided management incentive input.

Involved fees earner: Jat Bains – Macfarlanes LLP; Rasmus Berglund – Macfarlanes LLP; Harry Coghill – Macfarlanes LLP; Robert Collard – Macfarlanes LLP; Laura Foley – Macfarlanes LLP; Will Hedges – Macfarlanes LLP; Jeremy Moncrieff – Macfarlanes LLP; Giles Neoh – Macfarlanes LLP; Valery Nformba – Macfarlanes LLP; Mark Slade – Macfarlanes LLP; Tim Wickenden – Macfarlanes LLP; James Wilkes – Macfarlanes LLP;

Law Firms: Macfarlanes LLP;

Clients: Inspecs;