07 March 2017

Olswang advises IP support services business RWS Holdings plc on share placing and debt financing in relation to US$82.5m acquisition of LUZ, Inc.

International technology, media and telecoms law firm Olswang has advised long standing client RWS Holdings plc, a world leading provider of intellectual property (IP) support services listed on the AIM market of the London Stock Exchange, on the share placing and debt financing aspects of its acquisition of LUZ, Inc., a market leading Life Sciences language services provider based in San Francisco for cash consideration of US$82.5m.

RWS offers patent translations, international patent filing solutions and searches; commercial translations; and linguistic validation.  The acquisition increases its market share and specialist offering, particularly in language services. It also adds complementary regulatory and medical device specialisms and enhances its US footprint by adding a West Coast presence.

Corporate Partner Nick Crosbie commented: "We are pleased to have advised our long-standing client RWS on the successful placing and debt financing in connection with the acquisition, which complements their existing Life Sciences offering."

Nick Crosbie led the team from Olswang along with Corporate Senior Associate Nicole Gyring-Nielsen, Partner and Head of Finance Charles Kerrigan, Finance Senior Associate Gurminder Muker. The team was assisted by Trainees Krishan Neelandra, Dave Johns and Daniel Hope.


(ENDS)

For more information or to set up an interview please contact:

Elizabeth Catalano
Head of Communications
020 7067 3775
elizabeth.catalano@olswang.com

Notes to editors:

About Olswang

Olswang LLP
 is an international law firm and a European and Asian leader in technology, media, telecommunications and real estate. The firm comprises of almost 700 people including 100 partners, across six international offices. Olswang is part of a 'best friends' network of leading independent law firms throughout the world.

CMS, Nabarro and Olswang combination: CMS UK LLP, Nabarro and Olswang will combine on 1 May 2017, creating the sixth largest law firm in the UK. The new firm will have 450 partners and over 2,500 lawyers in the UK. This combination will deliver a distinctive, technology-driven offering to clients, bringing together best in class sector specialists with outstanding global reach, underpinned by a 250 year heritage in the City and Scotland.