MH was delighted to have advised AIM company Drumz plc on an equity fundraise and its acquisition by way of a reverse takeover of risk management software company Acuity Risk Management Limited (“Acuity”).
Drumz, as an investing company, already held a 25% investment in Acuity and has now acquired the entire remaining share capital resulting in Drumz now being a trading company. It is changing its name to Acuity RM Group Plc to reflect its business. Acuity licences its software platform STREAM to enable businesses to manage their governance, risk and compliance functions. Its principal deployment is towards cybersecurity and IT risk management, a key growth area both in the UK and internationally.
Simon Charles led the MH multidisciplinary team which included, Troy Featherstone and Lisle Gannon (Corporate), Elisabetta Bestetti (Commercial), Sofia Gottgens (Employment) and Harry Peel (Real Estate).
Angus Forrest, Chief Executive Director, commented “The MH team delivered for us with experience, credibility and good humour during the usual testing times which equity backed acquisitions can cause. We very much look forward to working with MH as we grow our company.”