17 Apr 2013 | 04:52 pm |
Pinsent Masons has provided vendor due diligence and acted as legal advisor to Santander in connection with the provision of banking facilities totalling £15m to Reuse Glass, the UK's largest purchaser and recycler of glass.
Operating from its glass treatment plants in Knottingley, Doncaster, South Kirkby and Harlow, Reuse currently processes around 30 per cent of the UK market's requirements.
The Pinsent Masons team advising on the transaction comprised Peter Wood, Chris Watts and Phil Scott. Phil Scott said "We are very happy to have helped Santander put into place a new funding package for such a successful and fast growing business".
The new financing agreement will enable Reuse to upgrade two of its plants, in Knottingley and South Kirkby. The introduction of new hi-tech colour separating machinery will not only significantly improve efficiency, but will also increase the UK's overall production capacity for glass recycling.
Reuse was advised by Hamish Morrison and assistant director Matt Scott of BHP Corporate Finance.
Mark Wilson, CEO of Reuse Glass UK Ltd, said “We are delighted to have Santander as our banking partner...... we have achieved a funding structure that will enable the business to achieve its goals of business growth, brand development and enhanced customer service”.
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
Multinational law firm Pinsent Masons has advised PetroVietnam Power on the funding of the US$1.4 billion Nhon Trach 3 and Nhon Trach 4 LNG-to-Power plants, which will be the first large-scale LNG plants in Vietnam.
Multinational law firm Pinsent Masons has appointed employment partner, Neil Black, as the new head of its Manchester office.
Multinational law firm Pinsent Masons has supported UK Finance in the establishment of a landmark commitment by the major retail banks to ensure the availability of core cash services across the UK.
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]