Alternative Investment Partners Limited agreed to acquire 57.5% stake in Respin LLC from Nektan plc (AIM:NKTN) for £2 million on December 27, 2018. Of the total consideration payable, £1 million would be paid on completion of the transaction and remaining £1 million will be paid during 2019. In addition to purchase price of £2 million, Alternative Investment Partners will provide £0.3 million in working capital to Respin. The transaction is expected to close early in 2019. Tom Griffiths and David Coaten of Stockdale Securities Limited acted as nominated adviser to Nektan. Alternative Investment Partners Limited completed the acquisition of 57.5% stake in Respin LLC from Nektan plc (AIM:NKTN) for £0.3 million on April 17, 2019. In addition to purchase price of £0.3 million, Alternative Investment Partners will provide £0.8 million in working capital to Respin. The adjustment in purchase price and capital contribution is due to the original proposed purchaser not being able to complete the transaction in the required time period and the new purchaser renegotiating the terms.