Insig AI Plc’s Reverse Takeover

In UK Howard Kennedy, advised on the matter.

Howard Kennedy advised Insig AI Plc with a team including Ashley Reeback (Picture – Equity Capital Markets), Leigh Sayliss (Tax Corporate).

Insig AI Plc, a leading data science and machine learning company serving the asset management industry, joined AIM through a reverse takeover following the acquisition of Insight Capital Partners Limited. 

The acquisition of the balance of the shares in Insight Capital Partners Limited not previously held by Insig AI Plc was for consideration of approximately £27.9m and in addition the enlarged group raised funds of £6.1m through a placing.  Howard Kennedy had previously advised on the initial 9.1% equity investment undertaken in Insight Capital Partners Limited in March 2020. The market capitalisation of Insig AI Plc on admission, at the placing price, was circa £66.4m. 

The Howard Kennedy transaction team was led by Head of Corporate Ashley Reeback (Picture) and Legal Director Jane Brassington assisted by Corporate solicitor Jack O’Shea together with various colleagues including Leigh Sayliss (Head of Tax), Nick Treppass and Chiara Muston (Employment) and Emily Clark (IP). 

Involved fees earner: Jane Brassington – Howard Kennedy; Emily Clark – Howard Kennedy; Chiara Muston – Howard Kennedy; Jack O’Shea – Howard Kennedy; Ashley Reeback – Howard Kennedy; Leigh Sayliss – Howard Kennedy; Nick Treppass – Howard Kennedy;

Law Firms: Howard Kennedy;

Clients: Insig AI Plc;

Author: Giulia Di Palma