Glaisyers ETL advises AQSE-listed investment vehicle on reverse takeover of beauty products manufacturer

The corporate team at the commercial law firm Glaisyers ETL has advised the AQSE-listed investment company File Forge Technology PLC on its acquisition of Amirose London Ltd, a Norfolk-based white label manufacturer of personal care products, from Epoque Services Incorporated Limited for just over £5 million.

The enlarged business has been renamed Amirose London Holdings Plc. It now trades on the Aquis Stock Exchange under the ticker “ALH”.

Advice on the transaction was led by Daniel Varney, partner and head of corporate at Glaisyers ETL, and included corporate partner Julian Bond, senior associate Niki Polymeridou and solicitor Ryan Baratzi.

In addition to the acquisition, Glaisyers ETL acted on the admission of the enlarged business to the Access segment of the Aquis Stock Exchange, which took effect on 6 June 2025, and a related fundraising. Upon admission Amirose London Holdings Plc had a market capitalisation of £5.87 million.

Other advisers to the acquirers included Alfred Henry Corporate Finance Ltd, which is based in the City of London.

Amirose, which has manufacturing facilities in Thetford, Norfolk, provides contract manufacturing services for global and boutique premium brands in the personal care sector.

The deal marks a strategic pivot for File Forge Technology PLC, which was initially established to invest in biotechnology and life sciences businesses, and shifted its strategy in 2024 to focus on the potential of the cryptocurrency Filecoin.

Daniel Varney, partner and head of corporate at Glaisyers ETL, said, “I wish the directors and staff of Amirose all the best for the future. Amirose is an established manufacturing business which is in the process of growing through the establishment of new contracts and I look forward to following its progress.

“This was a rewarding deal to work on, demonstrating both the continued appetite for high-quality manufacturing assets and the increasing attractiveness of the Aquis Stock Exchange for growth businesses that want access to London’s capital markets.

“It was also particularly gratifying to lead this transaction out of Manchester. The last few years have been comparatively quiet, across the board, in terms of capital markets activity so it is good to be able to demonstrate that our region retains the capacity to advise on transactions of this kind.”

Photo: Daniel Varney. Head of Corporate

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Author By Yourworld 9th June 2025