Slaughter and May is advising Market Tech Holdings Limited on the recommended cash offer by its majority shareholder, LabTech Investments Limited

Slaughter and May is advising Market Tech Holdings Limited on the recommended cash offer by its majority shareholder, LabTech Investments Limited. The offer, which was announced on 21 April 2017, values Market Tech's entire issued and to be issued share capital at approximately £892.5 million.

Market Tech owns 16 acres of real estate in the London Borough of Camden, including most of Camden’s markets and a number of separate assets along the high street and in nearby Primrose Hill, Bloomsbury and King’s Cross. It also owns three technology businesses: StuccoMedia, an e-commerce marketing platform; glispa, a Berlin-based mobile marketing business; and everything5pounds.com, a B2C online fashion retailer.

LabTech is a property and technology company owned by trusts for the benefit of Mr Teddy Sagi.

Steve Cooke Partner
Simon Tysoe Associate
Jonathan Fenn Senior Consultant