Law firm Birketts has advised the owners on the sale of the Medisafe Group to STERIS, a US based corporation, in a £27m deal.
Headquartered in Bishop's Stortford, Medisafe manufacturers its product range in the UK, with international sales to over 70 countries worldwide.
Birketts advised Medisafe's shareholders on all legal matters with Adrian Seagers leading the team. Assistance on the deal was provided by Corinne Spencer (Corporate), Selina Chan (Corporate) and Karl Pocock (Tax).
Medisafe UK founder and chief executive Lawrence Dawson said: "Birketts has earned a first-rate reputation in the marketplace for the calibre of its corporate finance team over the years and has the relevant experience in the healthcare sector. Under Adrian Seagers leadership we had complete peace of mind and the team guided us through the complex process to execute a successful exit."
Adrian Seagers, Head of Birketts' Corporate Services division, said: "This has been a challenging transaction but I am pleased to have secured this sale and achieve an excellent return on investment for the shareholders. Medisafe's products and services perfectly complement Steris’ Healthcare Products Segment and I am confident that the business will continue to grow at a rapid but sustainable rate.”