Browne Jacobson’s corporate team has advised Imperial (Holdings)
Limited on the £20m sale of Multipart to a management led team with
financial backing from KBC.
Imperial Holdings is a Johannesburg Stock Exchange-listed
company whose activities comprise logistics and transport, car
rental and related tourism services, and retail and financial
services.
Chorley based Multipart, which specialises in providing
logistics and after-market services predominately to the UK
automotive aftermarket, was acquired by Imperial Holdings along
with Lex Commercials Limited from RAC plc in April 2006.
The Browne Jacobson team was led by corporate partner Nigel
Blackwell, assisted by Suzanne Jefferies and Giles Parsons.
Nigel Blackwell said:
“This deal is a great opportunity for management at Imperial
Holdings to concentrate its resources on developing its chosen
international core areas of focus.”
Martin McWilliam, a UK director of Imperial said:
“The professionalism of the Browne Jacobson team ensured
that the whole legal process went extremely smoothly against the
backdrop of a challenging credit environment.”
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