A cross practice team led by corporate partner, Stephen Callender, has advised IntelliAM AI on its admission to the Aquis Stock Exchange.
IntelliAM AI is a South Yorkshire based software and AI business which uses machine learning to improve operating efficiency in the fast-moving consumer goods (FMCG) space with a client base that includes many of the world’s top food and beverage groups.
IntelliAM AI raised £5m and acquired 53 Degrees North Engineering Limited, a consultancy firm, in connection with the IPO.
Daud Khan, CFO of IntelliAM AI said “IPO’s are never easy but Stephen and his team were with us every step of the way, negotiating obstacles in a timely manner, always available to answer any questions. Thank you.”
Commenting on the deal, Stephen Callender said: “It was a pleasure to support Daud Khan and the team at IntelliAM AI. IntelliAM AI’s successful IPO is the start of an exciting new chapter for the company as it strives to become a world leader in AI and manufacturing productivity. I am pleased that IntelliAM AI chose London for its IPO and I look forward to IntelliAM’s continued success as a public quoted company.”
Corporate partner, Stephen Callender led a multi-disciplinary team assisted by associate James French and trainee Enea Aniaj. Partner Mike Ridsdale and solicitor Gemma Williams provided corporate tax advice whilst senior associate Choy Lau advised on employment issues. Legal director, Grainne McCourt and solicitor Pippa Hampton advised on the transaction’s real estate aspects and partner Adam Betts and solicitor Maya de Silva advised on intellectual property and commercial matters.