Pinsent Masons advises IMI on the sale of Eley and Accles & Shelvoke
07 Oct 2014 | 10:52 am |
International law firm Pinsent Masons has advised IMI plc, the FTSE 100 specialist engineering group, on the sale of Eley Limited, Eley Americas Inc. and Accles & Shelvoke Limited to LDC for an enterprise value of £42m.
Birmingham-based Eley is the world leader in the manufacture of .22LR sporting ammunition which is used in target shooting including by world class and Olympic athletes.
Accles & Shelvoke Ltd is a world leader in the manufacture of captive bolt equipment. The Eley businesses and Accles & Shelvoke Ltd have operations in the UK in Sutton Coldfield and together employ 122 people.
The Pinsent Masons team was led by corporate partner John Tyerman and corporate legal director Michael Lakin, assisted by Dan Braithwaite and Tom Rank.
Commenting on the deal Michael Lakin said: "We are delighted to have advised long-standing client IMI on the disposal of these non-core businesses."
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises IFC on landmark investment in Mongolia’s first ever green bond issuance
Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its investment in Mongolia’s first ever green bond issuance.
Pinsent Masons hires real estate partner in the Middle East
Multinational law firm Pinsent Masons has hired real estate partner, Louisa Lynch, in Dubai.
Pinsent Masons appoints Andy Wright as new pensions partner in Leeds
Multinational law firm Pinsent Masons has hired pensions partner Andy Wright into its Leeds office, taking the size of its pension team to 64.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises IFC on landmark investment in Mongolia’s first ever green bond issuance
Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its investment in Mongolia’s first ever green bond issuance.
Pinsent Masons hires real estate partner in the Middle East
Multinational law firm Pinsent Masons has hired real estate partner, Louisa Lynch, in Dubai.
Pinsent Masons appoints Andy Wright as new pensions partner in Leeds
Multinational law firm Pinsent Masons has hired pensions partner Andy Wright into its Leeds office, taking the size of its pension team to 64.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]