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Scheme document published for the £203 million recommended cash acquisition of Instem by ARCHIMED SAS

September 2023

Archimed Stern

With offices in Europe, North America and APAC, ARCHIMED is a leading investment firm focused exclusively on healthcare industries. Its mix of operational, medical, scientific and financial expertise allows ARCHIMED to serve as both a strategic and financial partner to healthcare businesses. Prioritized areas of focus include Biopharma Products, Consumer Health, Healthcare IT, In Vitro Diagnostics, Life Science Tools & Biologic Services, MedTech, and Pharma Services. ARCHIMED helps partners internationalize, acquire, innovate and expand their products and services.

ARCHIMED manages €8 billion across its various funds, including the largest healthcare-only private equity fund raised by a European-based General Partner.

Instem is an AIM listed leading provider of IT solutions & services to the life sciences market delivering compelling solutions for Study Management and Data Collection; Regulatory Solutions for Submissions and Compliance; and Informatics-based Insight Generation.

Instem solutions are in use by over 500 customers worldwide, including all the largest 25 pharmaceutical companies, enabling clients to bring life-enhancing products to market faster. Instem’s portfolio of software solutions increases client productivity by automating study-related processes while offering the unique ability to generate new knowledge through the extraction and harmonisation of actionable scientific information.

Instem products and services now address aspects of the entire drug development value chain, from discovery through to market launch. Management estimate that over 50% of all drugs on the market have been through some part of Instem’s platform at some stage of their development.

On 30th August 2023,  the board of directors of Ichor Management Limited (Bidco), a newly incorporated company controlled by funds managed by ARCHIMED SAS, and the board of directors of Instem plc announced that they had reached agreement on the terms of a recommended cash offer to be made by Bidco for the entire issued and to be issued ordinary share capital of Instem to be implemented by way of a scheme of arrangement under Part 26 of the Companies Act.


Publication of the Scheme Document

The Perivan shareholder communications team was delighted to work with Squire Patton Boggs who acted as legal adviser to Instem on the production of the Scheme and associated and ancillary documents, which were successfully published and posted to qualifying shareholders on 25th September 2023.

For further information, click here.


Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.

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