2 minute read | May.08.2025
Orrick is advising Riverfort Global Opportunities plc (AIM: RGO) – to be renamed Tooru plc (AIM: TOO) ahead of completion – on its proposed acquisition of certain operating subsidiaries of S-Ventures plc (AQSE: SVEN), associated placing, and re-listing on AIM, the market of that name operated by the London Stock Exchange, which is conditional on RGO and SVEN shareholder approval.
The deal is structured as a reverse takeover for the purposes of the AIM Rules for Companies, triggering the requirement for an admission document on the enlarged entity, and circulars from both the RGO and SVEN to their respective shareholders.
The enlarged entity is treated as a new applicant by AIM.
The admission document and shareholder circulars were published today, and – conditional on the passing of the necessary resolutions by RGO and SVEN shareholders – the enlarged share capital of Tooru plc is expected to be admitted to trading on AIM by the end of May 2025.
The Orrick team is led by Ed Lukins and Ed Dyson, supported by Jonathan Rosen, Faraaz Samadi, Emma Zarb, and James Labovitch.