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Penningtons Manches Cooper advises Oxford Flow on strategic partnership with Georg Fischer

Posted: 10/03/2020

Penningtons Manches Cooper acted for Oxford Flow, the control and equipment flow specialist for oil, gas, water and industrial process industries, on the initial investment by the Georg Fischer group, listed on the SIX Swiss Exchange, into Oxford Flow’s water and industrials business to access new technology in support of Georg Fischer’s innovation strategy.

The investment by Georg Fischer also acted as a catalyst for a further raise by Oxford Flow of up to £9 million from new and existing investors. The funding will see Oxford Flow scale up its R&D, business development and operational activities and extend its global reach.

The Penningtons Manches Cooper corporate team was led by David Tighe with help from corporate senior associate, Attilio Leccisotti. Tax advice was provided by partner Kathy Hills and Chris Shelley led on the commercial and intellectual property aspects.

Neil Poxon, CEO of Oxford Flow, commented: “It was great to work with all the Penningtons Manches Cooper team on this extremely complex transaction, with so many different moving parts. Their support was invaluable. The funding is a massive vote of confidence in our team, our technology and the bright future ahead.”

This transaction demonstrates the continued strength of Penningtons Manches Cooper’s technology and growth company practices, which support innovative businesses with world-changing potential on a long-term basis throughout their life cycle. Penningtons Manches Cooper has a longstanding relationship with Oxford Flow, having acted for the business since it was spun out from Oxford University in 2015.

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Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority under number 419867.

Penningtons Manches Cooper LLP