Acquisition of Heatseam and placing and re-admission of Likewise to the TISE

We have advised Likewise Group plc in connection with its £10m reverse takeover of Heatseam Limited and £7.5m placing and introduction on The International Stock Exchange (“TISE”).

Likewise listed on TISE on 11 January 2019 raising gross proceeds of £7m. Likewise is a distributor of floorcoverings and matting and the acquisition of Heatseam will enable Likewise to develop a residential and commercial flooring business.

Paul Cliff, who led on the corporate aspects of the acquisition and re-admission said, “We are delighted to have worked with Likewise Plc on this transaction so soon after advising on the IPO. This acquisition is part of Likewise’s strategy to bring together flooring professionals for both the residential and commercial market. We look forward to working closely with the leadership team at Likewise as they look for further strategic acquisitions.”

Our team also included corporate solicitors Rachel Cox and Sophie Denton; employment solicitor Keeley Baker; pensions associate Paul Wild; regulatory solicitor Natasha Jones; real estate partner Colin Gittus; tax partner James Gopsill; tax senior associate Martin Jahreiss; and tax solicitor David Williams.