Shoosmiths advises Provexis on Science in Sport demerger

Corporate specialists at Shoosmiths have advised Provexis, the sports nutrition and life science group, on the demerger of its Science in Sport division.

Science in Sport (SiS), which manufactures and sells sports nutrition products, has been independently listed on AIM and officially joined the AIM growth market on 9 August.

Partner Mark Shepherd and solicitors Gareth Davies and Janine Esbrand acted for Windsor-based Provexis, which is an existing Shoosmiths’ client.

Provexis announced the demerger plan last month and has raised £2.25m by offering four million shares at 56p each on a private placing.