Weightmans’ Corporate team based in Manchester, has advised the Lucideon Group on its acquisition by Beechfields (Stoke) Limited, a management and employee owned company.

The Lucideon Group is a Stoke-on -Trent headquartered materials research and testing group with international operations including in the UK, USA and China.

Their business includes the development and implementation of game changing process and materials technologies for clients. The Group, formerly a membership company limited by guarantee, is now planning to raise equity capital to help fund ambitious growth plans. These plans include a number of key acquisitions and investments in commercialisation of new drug delivery systems.

The Weightmans Corporate team was led by Robert Turnbull and Danielle Best.

Tony Kinsella, the CEO of the Lucideon Group said:

“This was a unique and complex transaction, and one which will now allow us to take on the equity finance necessary to fund our ambitions. The Weightmans team have been superb in helping devise, develop and steer us through this process.

The methodology selected by Robert Turnbull has given us the deal certainty we needed. The tensions as we went through the process were significant at times, but the team in Manchester kept us grounded and focussed, with a quiet but persistent manner. Plenty of smiles and encouragement all round.”

Robert Turnbull of Weightmans added:

“We were delighted to advise the Lucideon Group, and help them get to the stage to raise capital to pursue their plans and we hope to continue working together in the future.”