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."

 

Latest press releases

Show me all press releases

Pinsent Masons advises on purchase of Northern Ireland’s first major energy storage project

Multinational law firm Pinsent Masons has advised SUSI Partners on its purchase of a 50MW battery storage project from German renewables developer ABO Wind in Kells, Northern Ireland.

Pinsent Masons launches cyber security platform in response to surge of business cyber breaches

Multinational law firm Pinsent Masons has launched a cyber security platform and behavioural assessment service aimed at measuring and improving information security processes and employee behaviours, in the wake of a surge of business cyberattacks.

Pinsent Masons appoints technology transformation partner in London

Multinational law firm Pinsent Masons has recruited Ruby Khnom as TMT partner in London, where she will add significant strength to two of the firm’s key sectors- technology science & industry and financial services.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises on purchase of Northern Ireland’s first major energy storage project

Multinational law firm Pinsent Masons has advised SUSI Partners on its purchase of a 50MW battery storage project from German renewables developer ABO Wind in Kells, Northern Ireland.

Pinsent Masons launches cyber security platform in response to surge of business cyber breaches

Multinational law firm Pinsent Masons has launched a cyber security platform and behavioural assessment service aimed at measuring and improving information security processes and employee behaviours, in the wake of a surge of business cyberattacks.

Pinsent Masons appoints technology transformation partner in London

Multinational law firm Pinsent Masons has recruited Ruby Khnom as TMT partner in London, where she will add significant strength to two of the firm’s key sectors- technology science & industry and financial services.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts