11 Sep 2012 | 04:37 pm |
International law firm Pinsent Masons has advised Hein Gericke Motorcycle Equipment UK Limited on the acquisition of 16 Hein Gericke stores from administrators Moorfields Corporate Recovery.
Hein Gericke is a leading motorcycle equipment brand established in Dusseldorf in 1970 and retailing across Europe. Its UK business, headquartered in Harrogate, hit the news in July when it entered administration. Moorfields Corporate Recovery were appointed administrators and have been trading the stores whilst looking for a buyer.
Pinsent Masons were engaged by Hein Gericke Deutschland GmbH to establish a new UK entity, Hein Gericke Motorcycle Equipment UK Limited and advise on the acquisition.
The Pinsent Masons team led by James Cameron included client partner Seona Burnett along with Alison Rankine and Elizabeth Chalmers (advising on commercial and intellectual property issues), Ian Lyall, Martin Bogie and John Tougher (all Property) and James Cran (Employment).
James Cameron, who heads up Pinsent Masons' Restructuring team in Manchester, explained: "Our strong presence in Scotland and Northern Ireland meant we were uniquely placed to advise on the acquisition of retail stores from administrators across the UK's three legal jurisdictions. We are delighted to assist in preserving the Hein Gericke brand in the UK."
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