This article was produced by Olswang LLP, which joined with CMS on 1 May 2017.
International technology, media and telecoms law firm Olswang has advised long standing client RWS Holdings plc, a world leading provider of intellectual property (IP) support services listed on the AIM market of the London Stock Exchange, on the share placing and debt financing aspects of its acquisition of LUZ, Inc., a market leading Life Sciences language services provider based in San Francisco for cash consideration of US$82.5m.
RWS offers patent translations, international patent filing solutions and searches; commercial translations; and linguistic validation. The acquisition increases its market share and specialist offering, particularly in language services. It also adds complementary regulatory and medical device specialisms and enhances its US footprint by adding a West Coast presence.
Corporate Partner Nick Crosbie commented: "We are pleased to have advised our long-standing client RWS on the successful placing and debt financing in connection with the acquisition, which complements their existing Life Sciences offering."
Nick Crosbie led the team from Olswang along with Corporate Senior Associate Nicole Gyring-Nielsen, Partner and Head of Finance Charles Kerrigan, Finance Senior Associate Gurminder Muker. The team was assisted by Trainees Krishan Neelandra, Dave Johns and Daniel Hope.