PDT Solicitors advises on the sale of Southwood Research to ProPharma Group
Published: 19 March 2019
PDT’s corporate team is delighted to have advised on the successful sale of Southwood Research Limited, a rapidly expanding life sciences consultancy, to US based ProPharma Group.
"I was deeply impressed with PDT. This was the first time we had used them and, despite having been introduced late to the deal, I was amazed at how quickly they picked it up and got us over the line. This was not an easy deal given we had a number of complicated cross border issues to deal with and a very tight deadline, but the team at PDT just took it in their stride. We are incredibly grateful to Noel, Rebecca and the team for all their hard work in making this deal happen and I would recommend them to anyone"
Dr Colin Wheeler,
Founded in 2016, Southwood supports life sciences companies across the world in the development, registration and lifecycle management of their medicines. Led by founder Dr Colin Wheeler and Dr Tom Oakley, who heads up regulatory sciences, the company has grown incredibly quickly with a rapidly expanding US client base.
The shareholders were advised by corporate partners Noel Ruddy and Rebecca Glazebrook, assisted by Mark Diamond (Corporate), Sian Webber (Corporate), Daisy Chenery (Corporate), Laura McMaster (Employment) and Elise Sherwell (Real Estate).
Noel Ruddy, Head of Corporate said “We were thrilled to get the chance to help Colin with this deal. It was a sizeable undertaking with several challenging workstreams but fortunately we’ve worked with US lawyers on several cross border deals recently so had a team of experts on hand to help us pull the deal together in time. Thanks to everyone ”
Rebecca Glazebrook, corporate partner who led the PDT team, said “This was a complex transaction with a number of moving pieces. It drew on all our transaction experience to ensure we covered the corporate, commercial, tax and cross border issues posed by a deal of this size and complexity. To get this deal done in just under three weeks is a great achievement for everybody involved. We wish Colin, Claire, Tom and the team at Southwood every success and we looking forward to working with them again.”
The shareholders were given corporate finance advice by WK Corporate Finance.
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