Buzzacott provides financial due diligence services to Legacy Health in relation to its acquisition
1 Mar 2023 • Charities and Not-For-Profits • Corporate Finance • M&A Advisory
Corporate Finance deal announcement: Buzzacott provided buy-side M&A advice and financial due diligence services to Legacy Health in relation to its acquisition of Creative Medical Research, MediVoice Recruit and Healthcare Fieldwork Limited
Overview of deal
We're delighted to have played a key role in advising Legacy Health Capital on its acquisition of Evella Holdings Limited which includes the businesses of Creative Medical Research (CMR) and MediVoice Recruit (MVR). These two dynamic companies provide comprehensive healthcare product development and commercial market research and analysis, as well as recruitment for medical product fieldwork research across the US, the UK, and globally.
Who are the firms involved
Under the guidance of the Managing Partner of Legacy Health Capital and CEO of Velox, Suman Datta, the acquisition of Evella Group represents the first acquisition of Velox’s journey. Velox's goal is to build out key services required across the development and commercialisation path of a medical device, diagnostic, and digital health product into a single-source solution. With an experienced team and innovative approach, Velox aims to become the go-to platform for services for the global medical technology industry. Velox is committed to creating a lasting impact in the industry and delivering superior value to its clients.
What was unique about this deal and the challenges addressed
We had a fantastic experience working with Suman and George Ashford, the Managing Director of the Evella Group, during the due diligence and legal process. Our team worked collaboratively with both buyer and seller to ensure a positive result was achieved, clearly explaining the steps, and taking them through the financial implications of the deal.
We are thrilled to have played a role in this exciting acquisition and look forward to witnessing the continued growth and success of the Evella Group under the guidance of both Suman and George.
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