The founder of a British life sciences business has seen his net worth soar past £120 million after the firm became the latest London-listed business to be taken private. Miroslav ReljanoviÄ, 64, a neurologist from Zagreb, Croatia who founded Ergomed in 1997 and controls an 18% stake in the business, is set to cash in on his following a takeover offer by private equity firm Permira which values it at £703 million.
The offer of £13.51 per share represents a 28.3% premium over Guildford based Ergomed’s share price as at Friday’s market close in the latest sign companies listed on the London Stock Exchange are exiting the capital’s public markets in search of higher valuations elsewhere.
