Gowling WLG advises finnCap on recommended cash offer for AIM listed company

21 June 2021

Gowling WLG has advised finnCap, as financial adviser to Cambria Bidco Limited ("Cambria Bidco") on its recommended cash offer for AIM listed company, Cambria Automobiles plc and the cash confirmation statement given by finnCap in the announcement of the offer. The entire issued share capital of Cambria Automobiles plc has been valued at approximately £80 million.

Cambria Bidco is a newly-formed company which is owned/controlled by Cambria Automobiles plc Chief Executive Officer, Mark Lavery. Under the terms of the cash offer, each shareholder will be entitled to receive 80 pence per share in cash (with a limited share alternative).

The Gowling WLG team was led by corporate partner Jeff Elway working alongside banking and finance partner Alasdair McKenzie and associate Liv Robertson.

Jeff said: "We are really pleased to be working with finnCap on this transaction, further demonstrating our depth of expertise in public company takeover/M&A work and in the AIM market."

Gowling WLG's dedicated Equity Capital Markets group, is recognised as one of the leading practices in London, with a particular emphasis on AIM and investment funds. With wide ranging experience, acting for both companies and nominated advisers on IPOs, secondary fundraisings, public takeovers as well as advising on ongoing AIM Rule compliance and corporate governance issues.

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Pete Squires Senior Corporate Communications Manager Birmingham