Mayfair Equity Partners LLP agreed to acquire remaining 57.39% stake in Seraphine Group PLC (LSE:BUMP) from Canaccord Genuity Corp, Asset Management Arm, Lombard Odier Asset Management (Europe) Limited, Harwood Capital LLP and others for £8.7 million on January 20, 2023. Under the terms, £0.3 per share in cash will be paid. The cash consideration payable by Mayfair Equity Partners LLP pursuant to the Offer will be financed by existing cash resources available. The offer will have compulsory acquisition right upon acquisition of more than 90% stake. As of March 8, 2023 the offer became unconditional. As of March 23, 2023, Bidco announces that the Offer will close for acceptance on April 6, 2023. As of March 30, 2023, valid acceptances of the Offer had received in respect of 28,078,864 Seraphine Shares, representing approximately 55.02%. Matt Goode, Henrik Persson, Charlie Beeson, George Dollemore and Charlotte Sutcliffe acted as financial advisor to Seraphine Group PLC. David Anderson and William Brinkley of Investec acted as financial advisor to Mayfair Equity Partners LLP. Goodwin Procter (UK) LLP is providing legal advice to Mayfair Equity Partners and Pinsent Masons LLP is providing legal advice to Seraphine.

Mayfair Equity Partners LLP completed the acquisition of remaining 52.39% stake in Seraphine Group PLC (LSE:BUMP) from Canaccord Genuity Corp, Asset Management Arm, Lombard Odier Asset Management (Europe) Limited, Harwood Capital LLP and others on April 6, 2023.