Goodman Derrick has advised OMG plc in relation to its placing and open offer, raising a total of £9 million, and in respect of its acquisition of Mayrise Limited, a company providing highways and management software products and services to local authorities and utilities.
OMG plc is a diversified technology group which provides image and motion analysis products to a range of customers in the entertainment, life science, defence and engineering industries. In addition to providing funding for the acquisition of Mayrise Limited, the proceeds of the placing and open offer will provide working capital for the development of OMG's automatic wearable camera, "Autographer".
OMG plc director Cathy Robertson commented: "This was a significant fundraising and acquisition for the group, and we were delighted to work with Goodman Derrick on the transactions."
Paul Webb, who led the Goodman Derrick team including Rebecca Gardner, Tristan Mutimer, Joanna Higton and Tanya Shillingford (corporate) and Clare Gilroy-Scott (employment) commented: "We were delighted to support OMG plc on the fundraising and acquisition. The successful growth of our technology practice is reflected in our involvement on deals such as this, and our continuing representation of funds, companies and entrepreneurs in the sector."