Private Equity specialists at leading law firm Foot Anstey have advised the internationally based management team of MIMS, an Asian healthcare information business, on its sale of Asia-Pacific-based information provider SMS and Japanese bank Mitsui for $250m.
MIMS was a stand alone division of the AXIO Data Group, a portfolio company of the London Stock Exchange listed investment trust, Electra Private Equity Plc. The sale of MIMS is the third realisation from AXIO which Foot Anstey has advised upon, having previously advised the management teams of JOC and Breakbulk divisions on their sales to IHS Inc (NYSE: IHS) and ITE Group PLC.
Matt Stoate, head of Foot Anstey's private equity group, led the specialist team that advised on this cross-border transaction.
Matt commented, “Another significant transaction for the team, working with a seasoned management team across different jurisdictions but who came to us because of our reputation to provide City quality partner-led management advisory expertise."
Foot Anstey is currently the SW Business Insider Corporate Law Firm of the Year 2015, with judges commenting on the firm's position as the most active dealmaker in the region, having been involved in several significant transactions over the past 12 months.