The Boyes Turner's Corporate team has been involved in some interesting transactions in a variety of industries recently, these include:
Boyes Turner have recently advised the shareholders of a company operating a chain of pharmacies in north Hampshire on the disposal of their shares in the company for an undisclosed sum.
Robert Rice (Corporate) led a multi-discipline team from Boyes Turner made up of Chris Dobson (Corporate), Mark Appleton (Property) and Andrew Whitaker (Employment).
Retail & Manufacturing
Boyes Turner’s Corporate Group have acted on the disposal of the entire issued share capital of Optiplan Kitchens Limited to Home Decor GB Limited for an undisclosed sum. As a result of the transaction Home Decor expects to achieve global combined turnover of £50 million and will employ around 350 staff.
Established in 1984, Optiplan Kitchens is one of the UK’s largest suppliers of fitted kitchens and its acquirer, Home Decor, is itself, one of Europe’s leading suppliers of bedroom furniture.
The terms of the transaction required a comprehensive restructuring of the Optiplan group of companies to take place in advance of the main sale and in particular, the pre-completion acquisition by Optiplan Kitchens of leading kitchen and study manufacturer, The Manor Cabinet Company Limited.
Rob Rice and Chris Dobson led on the deal and provided advice on all corporate aspects of the transaction with property work undertaken by Mark Appleton and Amie Kelsall. Andy Whiteaker advised on all employment-related aspects of the disposal.
Commenting on the deal, Rob said, “We would like to extend our congratulations to our clients. This was certainly an interesting transaction to work on from our perspective – involving as it did multiple companies, a large number of sites and both manufacturing and sales operations. As a precursor to the main deal we needed firstly to bring the Optiplan group of companies together with the Manor Cabinet Company PLC to form a single target group and as part of this process to obtain a clearance from the Takeover Panel. Inevitably the process generated a huge amount of due diligence and disclosure material and trying to manage this process in a way which meant that our clients could continue to run the business was challenging to say the least and I’m sure that they will be hugely relieved that this is now over for them.”
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