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ACQUISITIONS/ADMISSIONS DEAL DIRECTORY
WYETH DIVISION BUYS THIAKIS
Wyeth Pharmaceuticals, a Rawlinson & Hunter acted as
division of Wyeth, has acquired financial adviser to Thiakis and
private equity-backed Thiakis, a its investors, providing financial
Wyeth Pharmaceuticals
privately held biotechnology and tax due diligence support.
acquisition of Thiakis company based in the UK, for The team was led by corporate
an initial payment of $30 partner James Kelly.
This announcement appears as a matter of record only million (£20 million). The He said, “We are proud to have
deal includes a deferred been involved with Thiakis from
Financial adviser to the vendor:
element of up to $120 million its incubation as a spin-out from
dependent on Thiakis’s future Imperial College through to the
performance. recent sale.
The deal is part of Wyeth’s “This acquisition is evidence
corporate mission to develop and of Rawlinson & Hunter’s
bring to market innovative, high- commitment to guide not only
value medicines that address Thiakis but also other spin-outs
unmet needs in areas such as successfully through the various
metabolic disorders. stages of their business.” ■
SCANCELL IN GOOD HEALTH
The directors of a company that system to treat or prevent cancer.
is perfecting a range of cancer Scancell’s corporate adviser
Scancell Holdings admission
vaccines have taken the business was St Helen’s Capital, while
to PLUS in a bid to continue the Laytons provided legal services.
to trading on PLUS
development of its products. Laytons has supported the
Scancell has been valued at company on various matters for
This announcement appears as a matter of record only
£6.1 million after its shares several years. Its team on this
Legal adviser to Scancell Holdings:
started trading on the market at transaction was led by Richard
60p each. The move has given Kennett and Emma Langdon.
the company access to future Kennett and Langdon worked
working capital. on a reconstruction prior to
The spin-off from Nottingham the placing to create a new
University’s department of holding company, including
clinical oncology focuses on the reorganisation of the firm’s
discovery and development of share capital, and also liaised
products that use the immune with its 50 shareholders. ■
MEDILINK-GLOBAL UK ADMITTED TO AIM
MediLink-Global UK, an associate James Fox advised on
electronic healthcare network the admission to London’s junior
MediLink-Global
service provider, has announced market. Kosofsky said, “A pre-
admission to AIM
its admission to AIM. admission restructuring took
The company raised some place whereby MediLink’s Jersey
This announcement appears as a matter of record only
£2.1 million before expenses at a holding company was placed at
placing price of 18 pence per the top of MediLink’s structure.
Jersey legal adviser:
share, valuing the venture at We dealt with all the Jersey legal
£18.6 million. The proceeds will aspects of the company’s
be used to provide working admission to AIM.”
capital to fund the expansion She added, “The MediLink
of the healthcare network, healthcare group currently
Reporting accountant:
initially across China but also operates in Malaysia and China
into other territories. and intends to commence
A team at Carey Olsen led by operations in Thailand, Vietnam
partner Eve Kosofsky and senior and Singapore.” ■
Mergers & Acquisitions 49
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