The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Bircham Dyson Bell

Work 020 7227 7000
Fax 020 7222 3480
Cambridge, London

Show all Press releases

Bircham Dyson Bell acts on £54.5 million Recommended Cash Offer for Celsis

December 2009

Bircham Dyson Bell has acted for North Atlantic Value LLP (NAV) and Nastor Investments Limited on the £54.5 million recommended cash offer by Nastor Investments Limited for the entire issued share capital of Celsis International Plc, a company listed on the Official List of the UKLA. Celsis is a leading supplier of innovative life science products and laboratory services to the global pharmaceutical and consumer products industries, with a well regarded brand and strong sector expertise.

The bid was financed by equity provided by funds managed by NAV and a senior term and multicurrency facilities agreement with KBC Bank NV.  John Turnbull led the team acting for Nastor Investments on the offer and Andrew Chadwick advised on the banking documents.

Commenting on the deal John Turnbull, partner at Bircham Dyson Bell said ‘This was an interesting deal with a complex financial structure.  I congratulate NAV and Nastor on the success of the bid and wish the company every success in the future.  I look forward to working with the management of Celsis as it continues to grow its business.

Legal Developments by:
Bircham Dyson Bell

  • Opposing lease renewal proceedings on the ground of redevelopment

    Redevelopment is (alongside the ground of owner occupation) perhaps the most common of the bases upon which a landlord might seek to deny a tenant’s entitlement to a new lease of business premises. The following serve as some useful points to remember when a landlord seeks to rely upon the ground of redevelopment for denying a tenant a new lease of business premises.
    - Bircham Dyson Bell LLP

Legal Developments in the UK

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to