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Alltracel Logo

Client: HemCon Medical Technologies Inc
IBI Role: Adviser to buyer
Sector: Healthcare
Buyer: HemCon Medical Technologies Inc
Target: Alltracel Pharmaceuticals plc
Deal Size: Stg£20.8m

Description:

IBI advised HemCon Medical Technologies Inc in relation to its Stg£20.8m public offer for Alltracel Pharmaceuticals plc, a company listed on the Alternative Investment Market of the London Stock Exchange. The offer was implemented by means of a Scheme of Arrangement and was completed in May 2008.

Alltracel has operations in a number of healthcare and application areas, including:

  • wound care (for the consumer, professional and military markets)
  • oral care
  • cardio-vascular health
  • cosmeceuticals

The offer represented a premium of approximately 54% over the closing share price prior to the commencement of the offer period and was approved by independent shareholders representing approximately 95% of shares voted.

HemCon is a fully-integrated medical device company based in Portland, Oregon in the US. IBI acted as sole financial adviser to HemCon. Given the relative geographic locations, the transaction illustrated the need for a strong local financial adviser to manage the purchaser through a complicated process in an effective and efficient manner to ensure a positive result.


IBI Corporate Finance Limited is regulated by the Central Bank of Ireland.