Advising N+1 Singer on £25 million placing to drive digital transformation of healthcare systems

 

Cambridge Cleantech Associate Founder Member Taylor Wessing have advised N+1 Singer as Nomad and Broker on a £25 million share placing for Induction Healthcare Group plc.

 

Induction is a leading virtual care platform driving digital transformation of healthcare systems worldwide, and it has now acquired Australian-based Attend Anywhere Pty Ltd, a UK market leader in video consultation in secondary care with a strong NHS footprint.

Part of the proceeds of the placing have been used to fund the cash consideration in respect of the acquisition and the remainder will be used to provide Induction with additional working capital.

 

Commenting on the transaction, Partner Ross McNaughton, said: “We are delighted to have supported N+1 Singer on another successful fundraise. Induction Healthcare is an extremely interesting healthcare company, and we wish them well on the next stage of their journey following this successful fundraise. As a leading firm in the life sciences and healthcare sector, we help advise companies, investors and banks on many of the most strategically important deals in that space.”

 

Phil Davies, Director, N+1 Singer added: “We are delighted with the strong support shown by the investor base that we were able to attract for the Company. We are grateful to Taylor Wessing, who provided outstanding commercial advice throughout.”

 

The team was led by Corporate Partner Ross McNaughton, with support from Senior Associates Joe Cooper and Alice Thomas, and Associate Katie Fry-Paul.

 

Who is Ross McNaughton?

 

Ross is a partner in the Corporate Technology team based Cambridge. Ross’s practice focuses on helping tech and life sciences companies in all aspects of their growth, capital raising and international expansion. He has extensive experience of a variety of venture financing and public capital raisings, mergers and acquisitions and general corporate advice, with a particular specialism in transactions with a transatlantic component. More information.

Who is Taylor Wessing?

 

Taylor Wessing is a global law firm that serves the world’s most innovative people and businesses. Deeply embedded within their sectors, they work closely with their clients to crack complex problems, enabling ideas and aspirations to thrive.

Interested in finance?

 

If you are interested in finance and cleantech, you might be interested in joining our Finance Special Interest Group (SIG).

 

This group is led by Hugh Parnell (Chairman, Cambridge Cleantech) and supported by Prof Aled Jones (Director, Global Sustainability Institute, Anglia Ruskin), Mark Prince (Director, KPMG) and Martin Clapson (Managing Partner, Price Bailey).

 

Our Finance SIG gathers together investors, funding experts and successful scale-up companies so you can hear about new funds, meet the right people, and hone your pitching skills. More information.

 

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