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Corporate Deal Highlights: 2017 Deals

01 March 2018

Our Corporate and Commercial team saw a significant increase in deal volume in 2016/17 and were delighted to act on a number of high value and high complexity transactions. Below are just some of the deals completed for our clients.

1. We advised Vereinigte Papierwarenfabriken GmbH, the leading manufacturer of innovative packaging solutions throughout Europe, who were purchasing EnvelopeMaster Limited. This was the company’s first acquisition in the UK and was of huge importance to its shareholders and management. The deal will double its turnover in the UK.

2. We acted for the Swedish Bank, Svenska Handelsbanken AB (publ) (Frimley) on the funding of a share buy-back of a very successful car dealership. This deal represented the bank’s first foray into the funding of corporate dealers and a ground-breaking deal for the branch.

3. We advised on the sale of E.T.S. Portsmouth Limited, a national supplier of Cable Glands & other cable products, to a Swedish-listed business, Add-Tech. This was a major transaction for the sellers as it represents the realisation of 20 years of work. It is also the buyer’s first acquisition in the UK.

4. We advised Salisbury Cathedral School, a co-educational independent school, on the acquisition of the business and assets of Leaden Hall School, a neighbouring competitor. The deal was very complex, requiring bespoke advice from a wide team with specialist expertise in school mergers, employment practices within school settings, educational practices and law, charity and ecclesiastical law and constitutions.

5. We advised a pay-day lender investing in another lender to fund its operations. The investment was made in instalments, initially by secured debt loaned to the main trading subsidiary, the team secured a convertible debt then finally equity for a significant minority stake in the parent company. There were significant negotiations re our client’s investor protections; advice was required to ensure that the investment was structured in the most tax efficient way for our client (who was tax resident overseas having successfully exited an MBO transaction a few years earlier). There was also added complexity arising from the mechanics of converting debt in the trading subsidiary into equity in the parent company, especially as the conversion process was dependent on how DJS traded in the interim period.

6. We advised NEP Visions Limited on a cross border matter involving the group restructuring and transfer of the business, assets and undertaking of a Welsh company to the principal UK trading company of a US owned group.

For further advice on the above topics, please call us on 01483 543210 or alternatively email enquiries@barlowrobbins.com

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