02 Dec 2020 | 11:48 am | 1 min. read
Multinational law firm Pinsent Masons has advised joint administrators, Christopher Petts and Richard Lewis of Grant Thornton UK LLP, on a pre-pack administration sale of the business and assets of CB Imports, trading as "Country Baskets."
Under the deal, Country Baskets (floristry retailer and wholesaler) agreed to the sale of the majority of the business and assets as a going concern to APAC – a Leicester based importer and distributor of floristry and horticultural products. The acquisition by APAC will see 200 jobs saved.
Restructuring partner Dawn Allen led the Pinsent Masons’ team, assisted by Senior Associate Faith James and Associate Laura Labunet, with a multidisciplinary team of advisers providing specialist support: Jon Fisher (Employment), John Edwards (Property), Andrew McCarthy (Tax) and Mark McCall (Property).
Commenting on the deal Dawn Allen said:
"We are proud to have advised the administrators on the pre-pack administration sale of the business and assets of CB Imports. The business, which has its roots in Yorkshire, has been given a new lease of life under the ownership of APAC, a well-established trader in the sector. The sale of the business will secure the employment of over 200 people and operations will continue at five of the eight stores."
Christopher Petts, Grant Thornton UK LLP added:
"We are very pleased to have completed a going concern sale of large parts of the business, which secures the continued employment for a loyal workforce in these challenging economic times, particularly in the run up to Christmas.
"APAC appears to be a very good home for the business and will hopefully oversee a turnaround in its trading fortunes."
Multinational law firm Pinsent Masons has advised the financiers (Japan Bank for International Cooperation, Mizuho Bank and Al Rajhi Banking and Investment Corporation) on the project financing provided to a consortium led by Marubeni Corporation in joint venture with Al Jomaih Energy & Water Company Limited of the 300MW solar power plant to be built and operated in Rabigh, Saudi Arabia.
Multinational law firm Pinsent Masons has appointed transport and infrastructure expert Miguel Nieto, as Finance and Projects partner in Madrid where he will focus on the growing transport and mobility market.
Pay gap reporting highlights the value and importance of our drive to promote diversity and inclusion. This year we have opted to report on our disability pay gap for the first time as we underscore our commitment to belonging and inclusion and strengthen our network groups to encourage and champion change for all of our people.
Multinational law firm Pinsent Masons has advised Diamond Transmission Hornsea One Limited (DTP Hornsea One) on the £1.175bn acquisition and financing of the transmission assets relating to the 1218MW Hornsea One offshore windfarm from Hornsea 1 Limited (Hornsea 1).
Multinational law firm Pinsent Masons has advised NTR PLC on the acquisition of a 54MW portfolio of co-located solar and battery storage projects in County Wexford, Ireland, from renewable energy developer RES.
Multinational law firm Pinsent Masons has advised the joint lead managers in relation to a £250m sustainability bond issued by Aster Group to develop new affordable homes.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on