Geldards’ Nottingham based corporate team has successfully advised BioCity Group Limited on investments from Business Growth Fund and Blue Skies Investments. BioCity will use the money to invest in start-up and high potential growth businesses within the Life Sciences sector.

Founded in 2002 by the University of Nottingham and Nottingham Trent University, BioCity originated in a former BASF Pharma research facility in Nottingham city centre. Home to more than 200 pioneering Life Science and Healthcare companies, BioCity is an ambitious business incubator dedicated to helping small businesses tackle global health & environmental challenges. Not the typical business incubator, BioCity takes a holistic approach to business support. It offers an in-house accelerator programme, investment platform, flexible lab and office space, UK wide network of mentors and specialised equipment, all housed within the various BioCity business locations.

In 2012 BioCity acquired the MSD research facility in Newhouse near Glasgow to create Glasgow, BioCity. This was closely followed by a second site in Nottingham, MediCity, which is located on the Boots campus and is a collaboration with Wallgreens Boots Alliance. In 2016 the Newhouse site was further expanded to create Glasgow, MediCity. BioCity also operates at Alderley Park, in Cheshire and in Aberdeen.

The Geldards team was led by Associate Solicitor Peter Francis, and the team dealt with all aspects of the deal on behalf of BioCity, including negotiating the investment documents and providing strategic advice on the investment generally.

Peter Francis, said:

“We are thrilled to have advised BioCity in connection with the investment. This is a very exciting opportunity that will allow them to continue to invest in new and innovative life science businesses.

“We would like to thank BioCity for involving us in this deal and look forward to working with them again in the future.”

Paul Oliver, Chief Financial Officer of BioCity, commented:

“We have worked with Geldards for several years and we are pleased with the professional advice and support we received during this transaction.

“We would like to thank Peter and the team for their hard work.”

Dr Glenn Crocker MBE, Chairman of BioCity, said:

“Peter and the team at Geldards did a great job on this transaction. This investment marks a major milestone and will enable BioCity to significantly increase its funding of early stage life science companies which, when combined with the recently launched co-investment platform will hopefully help to support the successful development of even more businesses.”

For business advice from an expert, knowledgeable, approachable solicitor, please contact a member of our Corporate team.

RELATED:  GELDARDS ADVISE ON EMB GROUPS PURCHASE OF CCAS >>

MORE FROM THE ADVICE CENTRE

News

Geldards Advise on Simbec-Orion Share Acquisition
14/02/2019
Geldards’ Cardiff based corporate team has successfully advised the shareholders of Simbec-Orion Group Limited on the sale of a majority shareholding to CBPE Capital LLP. The investment was made by the £459m CBPE Capital Fund IX to acquire the shareholding of the Wales Life Sciences Investment Fund, a specialist fund managed by Arix Capital on behalf of Welsh Government.
more...

Events

Network Derby Eat Out 2019
15/10/2018
28th February 2019 - Derby
We would like to invite you to join us for our annual Eat Out on Thursday 28th February at 6pm at the pentahotel Derby.
more...

Blogs

Chairman's Blog - How can the next generation aspire if we don’t inspire?
16/08/2018
Locally, 57% of children don’t have a GCSE Maths and/or English grade A-C before arriving at college aged 16. With the experience and knowledge in our education system, the technology at our disposal and the business environment we have in the UK, I find this both staggering and disappointing.
more...

Publications

Salus – Wealth and Family Protection
02/10/2018
Salus Magazine is brought to you by the Private Client team at Geldards to help you protect your wealth and family.
more...

Content Contacts

ASSOCIATE

Peter Francis

PETER FRANCIS

Associate, Nottingham

+44 (0)115 983 3776
email
more...