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
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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 propco investor LDC Care Homes and its asset and investment manager Elevation Advisors on the migration of a care homes portfolio from Four Seasons Health Care Group (FSHC) to new operators.
Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).
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