GBH Law provides support on takeover of Condor Gold - GBH Law

The Corporate team at Surrey-based law firm GBH Law has provided legal support to their long-standing client Condor Gold on its recommended takeover by AIM-listed Metals Exploration plc.

Condor Gold was advised by Hill Dickinson, working closely with GBH Law Corporate partner Kate Doody, who provided invaluable support. GBH Law’s in-depth knowledge of Condor Gold has been built up over the past nine years and has included providing company secretarial services and a range of commercial legal advice.

The acquisition by gold exploration and production company Metals Exploration enables them to implement their growth strategy of building a diversified cash-generative portfolio of projects via relevant acquisition opportunities.

The consideration of the takeover of Condor Gold included cash, shares and contingent value rights elements and was valued at a maximum amount of £90.1 million. It was put in place by way of a court-sanctioned scheme of arrangement.

Andrew Cheatle, former non-executive director said, of GBH Law’s involvement: “Firstly, and most importantly, I wanted to say “thank you” for all your work as our Corporate Secretary. It has been a genuine pleasure working with/knowing you, and at all times I felt we were in legally ‘good hands.’”

Mark Child, former CEO said:

Commenting on the transaction, Kate Doody said: “Our nine-year relationship with Condor Gold has allowed us to develop an in-depth understanding of their business, which proved invaluable during this complex transaction. Working alongside Hill Dickinson, we were able to provide targeted support drawing on our detailed knowledge of the company. It’s particularly rewarding to see a long-standing client achieve such a significant milestone in their journey.”