Z Group, an AIM-listed investment company, has completed the reverse takeover of Avisen, a UK strategy and consulting business with operations in the Netherlands and South Africa. 

Z Group, an AIM-listed investment company, has completed the reverse takeover of Avisen, a UK strategy and consulting business with operations in the Netherlands and South Africa.

On completion of the deal, Z Group issued Avisen with 86.6 million shares valued at £4.55 million. The new company will trade as Avisen Plc.

Z Group is an AIM-listed cash shell that floated in June 2005. At that time, the company operated in the software and computer services sector. Following the disposal of its trading subsidiaries in January 2008, the company became an investment company targeting the technology, media and science sectors.

BP Collins provided legal advice to the consultancy firm. The team was led by Simon Deans, partner, who was assisted by Diane Gil, senior associate, and Alexandra Holden, associate.

Deans said, “Our main aim is to help clients grow their business, and we are delighted
to have helped Avisen through this deal.”