Berry Smith are delighted to have represented the shareholders of Cansford Laboratories Limited in their sale to the Phenna Group. The private equity backed deal will amplify Cansford’s future growth plans and cements their position as a market leader in drug and alcohol testing services.
Cansford Laboratories was set up in 2010 and has developed a reputation as a fast, reliable, and innovative leader in high quality drug, alcohol, and steroid testing. Its founders pioneered hair testing more than 25 years ago, dedicating their careers since to innovation in the drug and alcohol testing services industry.
Today, its methods are used by laboratories globally. Cansford’s team of experts offer hair, oral fluid, nail, and dry blood spot testing with related services including collection and expert witness support.
Berry Smith worked closely with John and Lolita during the transaction, providing commercially focused legal advice throughout. The team led the drafting and negotiation of the legal terms for the shareholders, facilitating the navigation of a complex transactional process with minimal fuss.
Emma Borrington, Corporate Partner, led the deal to successful completion for Berry Smith, with support from Jacob Sims (Corporate Finance), Owen James (Corporate Finance), Abbie Baker (Commercial & IP) and Michael Shutt (Employment).
Emma commented: “We were delighted to advise John and Lolita on the sale of Cansford to the Phenna Group – they were a pleasure to work with. They have grown a very successful business with a burgeoning reputation in the industry, which will only be enhanced by this new partnership.”
John Wicks, CEO, Cansford Laboratories said: “I could not be more pleased with the way Emma and the whole team at Berry Smith assisted us in what at times felt like a very tortuous process. Their attention to detail and the patience they showed to us was very supportive; We could not have expected anything better.“
If you would like to find out more about Berry Smith LLP and think we could assist you and your business, then please contact us.
Emma Borrington – Partner
Tel – 029 2034 5511