Moore Blatch has advised Rotterdam based Port Invest B.V. on its recommended cash offer for all of the issued and to be issued share capital of Nature Group plc other than the shares already held by Port Invest.
Port Invest was founded in 1986 and provides maritime and oil logistic services to sea-going vessels, major oil companies, inland navigation, offshore industries and tank storage facilities.
Nature Group plc, which delisted from the AIM market last year, and its group of companies provide reception and treatment services for oily and polluted waste waters (slop disposal), the ownership and application of intellectual and proprietary rights related to such treatment, and the provision of reception and treatment plants for oily waste in onshore and offshore locations.
Given that the target had recently been listed on the AIM market, the offer was governed by The Takeover Code.
Corporate partner Manmohan Singh commented “We were delighted to assist Port Invest with its recommended offer. It was a demanding transaction delivered against a challenging timetable. We very much look forward to helping Port Invest integrate Nature Group. This transaction is a great example of the value that we can add to our clients by combining our diverse London-based expertise with our regional coverage in a seamless service.”
David Scott and James Dewhurst of Alexander David Securities Limited acted as financial advisers to Port Invest. Alexander David Securities Limited is a London-headquartered corporate adviser providing investment brokerage and corporate advisory services