Bircham Dyson Bell acted for FIH Group plc (“FIH”) in connection with the take private offer made for it by Staunton Holdings Limited (“Staunton”). The offer, for the entire issued and to be issued share capital of FIH, is proposed to be implemented by a recommended contractual offer under The City Code on Takeovers and Mergers and has valued FIH at £37.3 million.
FIH is an AIM quoted company incorporated in the United Kingdom, with operations in the Falkland Islands and the UK. Its business activities in the Falklands are conducted by The Falkland Islands Company, established by Royal Charter in 1852. FIC’s activities include retailing, property, insurance, hotels, shipping and fishing agency services.
Nick McCarthy comments:
‘FIH is a long standing client of the firm and we are delighted to act on the take private.’