25 Sep 2009 | 06:03 am | 1 min. read
International law firm Pinsent Masons has advised HomeServe on the sale of its Emergency Services Division (excluding the HomeServe Property Repairs Group) (the “HES Disposal Division”) to a newly incorporated company owned by Lloyds TSB Development Capital Limited and management for a total consideration of up to £11 million (before transaction costs).
The HES Disposal Division consists of the businesses operated by HomeServe Glass & Locks, HomeServe Contents Services and Chem-Dry. These businesses provide repair and replacement services primarily to the end customer/ policyholder of general insurers in the United Kingdom through a network of directly employed, franchised and sub-contract engineers.
The Pinsent Masons team advising on the deal included Paul Harkin, Nicole Livesey, Emma Callow, Carl Scott and Emma Metcalfe.
Commenting on the transaction, Nicole said:
"We are delighted to have advised HomeServe on this sale which will enable HomeServe to focus on the Group’s higher margin, higher growth membership businesses."
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Enquiries:
HomeServe Plc Tel: 01922 655 332
Richard Harpin, Chief Executive
Martin Bennett, Chief Financial Office
Mathew Wootton, Investor Relations Director
Tulchan Group Tel: 020 7353 4200
Andrew Honnor
Stephen Malthouse
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Multinational law firm Pinsent Masons has been named as a top ten family friendly employer by the national charity for working parents and carers Working Families.
Multinational law firm Pinsent Masons MPillay is supporting the Asian Development Bank (ADB) on its role advising the Philippines Department of Transportation (DOTr) on the refurbishment and expansion of the Ninoy Aquino International Airport (NAIA) in Manila.
Multinational law firm Pinsent Masons has advised global renewable energy developer BayWa r.e. on its partnership with SUSI Partners to develop rooftop solar PV projects across Southeast Asia.
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