RSM’s M&A and Private Equity team alongside law firm Osborne Clarke have advised the shareholders of SelectScience Limited on the successful sale of the business to Vespa Capital.
Bath-based SelectScience was founded Arif and Louise Butt over 20 years ago and is an independent digital publisher that provides reputable science technology and research news and trusted product reviews.
Its global platform allows product manufacturers, scientists, professors and researchers to connect and share information to support decision making and scientific development. The Company has been enjoying its best year on record, reaching an audience of over 5 million and attracting large numbers of new scientists.
Vespa Capital, headquartered in London, focuses on lower-middle market investments. With a portfolio of companies including publishing, reviews and biopharmaceuticals. Vespa Capital were identified as a strong strategic partner that would support SelectScience’s CEO Kerry Parker, and the management team, with their ambitious growth plans.
Stephanie Wilson, Associate Director, RSM Mergers & Acquisitions, commented: “It has been a pleasure working with SelectScience founders, Arif and Louise Butt to achieve this result. SelectScience has been a pioneer of digital marketing to the scientific community and despite the current economic challenges, the business has continued to deliver exceptional growth. We have identified a great strategic partner in Vespa Capital who will support the business through its continued expansion. The investment provides a great opportunity for the management team to continue to grow the SelectScience platform globally. I’d like to thank Vespa Capital for their professionalism throughout and wish them and CEO Kerry Parker, the best with developing the business.”
Arif Butt, founder, SelectScience, said: “We are delighted we chose RSM and Osborne Clarke as our advisors to help us with finding the right partner for SelectScience. Both Louise and I would like to extend our thanks to the teams for working tirelessly and providing invaluable advice, steering us through the process, and achieving a fantastic result despite the current global COVID-19 pandemic. We are excited for what the future holds for everybody involved in SelectScience going forward.”
Partner Alisdair Livingstone at Osborne Clarke said: “This is a fantastic result for SelectScience and we look forward to seeing the ongoing growth of the business under Kerry’s leadership.”
The transaction was led by Ian Wherry, partner at RSM, and supported by Stephanie Wilson, Rhys Jennings and Lucy Roberts. Legal advice was led by Alisdair Livingstone and supported by Ashley Morris, Bethany Shingfield and Jay Eng. Management were advised by Richard Williams at Deloitte.