Fladgate advises Toumaz Ltd on £32m acquisition of Frontier Silicon

Our team: David Robinson

Fladgate LLP acted for AIM listed client Toumaz Ltd on the £32m acquisition of Frontier Silicon (Holdings) Limited, a leading supplier of semiconductor, module and software solutions for digital radio and connected audio systems. Fladgate also advised Toumaz on the conditional placing of 285.6m new Ordinary Shares at a placing price of 10.25 pence, raising £29.25m before expenses.

The enlarged Group will be capable of addressing key high growth markets, specifically professional healthcare, consumer sport and fitness, digital radio and network audio.

Corporate partner David Robinson assisted Toumaz.

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