Partner Article

Newcastle law firm advises on major Quantum Pharma acquisition

The corporate team at Newcastle-based commercial law firm Muckle LLP, led by Robert Phillips, has advised a Durham-based pharmaceutical firm on recent major acquisition deal.

The firm assisted Quantum Pharma on the £9.34m acquisition of NuPharm Laboratories Ltd and on securing new banking facilities with Royal Bank of Scotland and Lloyds Bank plc.

The Muckle corporate team involved solicitor Stacey Hall and commercial team partner Alex Craig with Associate Nicola Barnett. The banking work involved partners Louise Duffy and Kevin Maloney. A core team that has advised Quantum Pharma on acquisitions and corporate transactions since 2008.

Robert Phillips, said: “The team at Muckle has worked closely with the management of Quantum Pharma since 2008 and were one of the team of advisers who listed Quantum Pharma on the Alternative Investment Market (AIM) in December 2014.

“We are delighted to help Andrew Scaife, Martin Such, Craig Swinhoe and Quantum Pharma to complete this strategic acquisition. Lawyers from across Muckle have enjoyed working with Quantum Pharma once again to coordinate the refinancing alongside the acquisition.”

Speaking after the acquisition, Andrew Scaife, Chief Executive of Quantum Pharma Plc, said: “This acquisition represents a further important and exciting milestone for the Group as it significantly accelerates its strategic growth plan, further strengthening the business for the medium and long term. Once again, the team at Muckle has been instrumental in this.”

This latest acquisition comes after Quantum Pharma acquired the European Lamda group of companies that are pharmaceutical contract development specialists, for £6.9m in April this year.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →