Cains advises Hayward Tyler Group plc on takeover by scheme of arrangement.

Cains acted as Isle of Man counsel to Hayward Tyler Group plc (HTG) in respect of a reverse takeover by Avingtrans plc (another engineering company trading on AIM) in an all share deal.  The takeover was effected by way of a scheme of arrangement in the Isle of Man courts.  The deal has created a global business with more than 750 employees and revenues of approximately £90m per annum, servicing the energy, medical and “big science” industries. HTG was advised on English law by law firm Mishcon de Reya.

The Cains team comprised Peter Clucas, Andrew Baker and Joel Taylor.