Brown Rudnick advises AIM listed Science Group plc in its acquisition of Technology Sciences Group Inc
PUBLISHED ON: 09/04/2017
Brown Rudnick LLP through its London and Boston offices has acted for Science Group plc, headquartered in the UK and listed on AIM, in its acquisition of the US global specialist consultancy business Technology Sciences Group Inc and associated subsidiaries from from Dentons Innovation Group US,LLC wholly owned by the law firm Dentons US LLP. Consideration for the acquisition is $17,000,000 payable in cash, with some deferred consideration in addition to this. Completion is expected to occur in the next few days. Technology Sciences Group Inc (“TSG”) was founded in Washington DC in 1990 and also has offices in California and in Canada. Technology Sciences (Europe) Limited is the UK based holding company for the significant European operations, which opened in 2000, and now has subsidiaries throughout Europe.
TSG provides scientific advisory and regulatory services to over 700 clients in the Agricultural, Chemical, Consumer, Cosmetic, Medical Device and Food & Beverage industries. TSG has approximately 120 employees. The acquisition of the TSG businesses is highly complementary to Science Group’s existing operations strengthening the Group’s offerings in a number of market sectors.
The lead Partner for the deal at Brown Rudnick LLP was Technology and Life Science specialist Tim Matthews from the firm's Corporate and Capital Markets Group leading a cross practice team for the transaction based in London and Boston USA.
4 September 2017