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
Multinational law firm Pinsent Masons has advised the Supervisory Board of Telefónica Deutschland on the delisting tender offer of Telefónica Local Services GmbH, a subsidiary of Telefónica, S.A.
Multinational law firm Pinsent Masons has appointed litigation partner Melanie Ryan to join its Global Investigations team in London.
Law firm Pinsent Masons MPillay has advised Swiss-based infrastructure investment manager SUSI Partners on its investment in Alba Renewables to build a renewable energy infrastructure business focused on The Philippines.
Multinational law firm Pinsent Masons has advised the Supervisory Board of Telefónica Deutschland on the delisting tender offer of Telefónica Local Services GmbH, a subsidiary of Telefónica, S.A.
Multinational law firm Pinsent Masons has appointed litigation partner Melanie Ryan to join its Global Investigations team in London.
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]