Osborne Clarke has advised Investec Bank plc on the deal, while Mears Group plc was advised by Travers Smith.
Mears Group plc disposed its Terraquest group to Apse Capital for a maximum consideration of £72 million announced on 6 November 2020.
The Terraquest Group provides a range of land and planning services to a wide range of customers, notably the National Planning Portal which provides planning and building control application services, processing some 90 percent of all planning applications in England and Wales.
The disposal constitutes a class 1 disposal for the purposes of the Listing Rules and, consequently, is subject to the approval by Mears’ shareholders at a general meeting scheduled for 25 November 2020.
The Osborne Clarke team that advised on the transaction was led by Corporate Partner Rebecca Gordon (Picture) who was assisted by Senior Associate Ed Nisbet. Partner David Nisbet provided Tax advice.
Law Firms: Osborne Clarke;
Clients: Investec Bank Plc;