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."
International law firm, Pinsent Masons, has advised Primary Capital Partners on its management buy-out of British engineering company Foster & Freeman.
International law firm Pinsent Masons has appointed partners Mark Waddell and James Morgan-Payler to further enhance the firm's infrastructure and energy practice in Australia and across Asia Pacific.
International law firm Pinsent Masons has advised Međunarodna Zračna Luka Zagreb (MZLZ) on the c.€200 million refinance of Croatia's Zagreb Airport.
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