Hill Dickinson advises Buddi parent Big Technologies on £577m stock market float

Leading commercial law firm Hill Dickinson has advised on one of the largest company flotations the London Stock Exchange’s AIM market has seen this year to date.

Big Technologies plc, a personal monitoring technology firm led by confused.com founder Sara Murray OBE, was admitted to London’s AIM market today [Wednesday, 28 July]. In the second largest IPO (Initial Public Offering) the market has witnessed in 2021, and the fifth largest IPO in AIM’s history, the company raised over £200 million for itself and its shareholders and was admitted to trading with a market value of around £577 million.

Big Technologies provides products and services under a number of brand and trading names. ‘Buddi,’ the company’s best known brand, is a leading, integrated technology platform (including both hardware and software solutions) that enables the remote monitoring of individuals, including vulnerable adults. The company provides services primarily to the criminal justice market, including electronic tagging and monitoring of offenders, to local and national government agencies around the world.

Shantanu Sinha, partner in Hill Dickinson’s London Corporate team, led an interdisciplinary legal team to advise Big Technologies on the IPO. 

Commenting on the deal, Shantanu Sinha said: “We are delighted to have advised Sara and the company on this next, very exciting, step for Big Technologies. Deals of this scale and magnitude are inherently complex and require a multifaceted approach from a legal perspective. 

“I am proud to have led a team of colleagues with expertise and specialisms across a number of our different practice areas and offices to provide detailed, comprehensive and seamlessly delivered advice to our client.”

Shantanu Sinha was supported by colleagues Jack Delaney (legal director, Corporate), Natalia Fryda (associate, Corporate), Rianne Byott (solicitor apprentice), Sanne Gerdsen and Mariam El Mir (paralegals, Corporate), Laura Marginson (associate, Employment), Mark Weston (partner, IP and Commercial), Emma Collins (senior associate, IP and Commercial), John Dinnegan (partner, Pensions), Georgia Doyle (associate, Property) and Amelia Chung (trainee solicitor, Property).

Sara Murray, CEO of Big Technologies, added: “Working with Shan and the team at Hill Dickinson really made the process straightforward for us. Shan is incredibly detailed, taking huge amounts of information and distilling the important facts to present in plain language. He has been an unshakable rock as we navigated this process and I look forward to taking full advantage of his incisive expertise as we grow across the world as a public company”.