We have advised the Joint Administrators of tranScrip Limited and the Receivers and Managers of tranScrip Ireland Limited on the sale of substantially all of the companies’ business and assets to TMC Pharma Services Limited.
tranScrip is a specialist pharmaceutical consultancy headquartered in Berkshire, with operations in Ireland, supporting biotech and small pharma companies with expert drug development, medical, clinical and regulatory services. The transaction, completed through a co-ordinated pre-pack administration and receivership process, secured continuity for tranScrip’s customers and preserved around 45 roles, with employees transferring to TMC as part of the sale.
TMC is a global pharma services company operating across the UK, US and EU, providing end-to-end drug development solutions from early-phase consulting and clinical development through to market access and commercialisation. The acquisition brings together two complementary, multidisciplinary teams and strengthens TMC’s ability to support emerging biotech and pharma clients across the full product lifecycle.
Gateley provided restructuring advisory, real estate and employment support throughout the transaction, reflecting the cross-border nature of the sale and the need to coordinate appointments and completion steps across both the UK and the Republic of Ireland.
The Gateley team was led by Aneesh Prasad (as regards UK aspects) and Liam Mills (as regards Irish aspects), with support from colleagues across the business including Andrew Buchanan, Lorna Harris, Paul Ball, Charlotte Chapman, Gabrielle Howell, Henry Wilson, Alex Marks, Imogen Sheppard, and Lewis Parry.
Aneesh commented: “We were pleased to support the office holders in delivering this transaction. It is a strong outcome which preserves continuity for customers, safeguards employment and provides the business with a platform for future growth as part of TMC. The transaction required coordinated restructuring, real estate and employment advice across the UK and Ireland, and it was a pleasure to work with all stakeholders to help deliver completion.”