Press release
HFW Continues M&A Run With Advice On Major Logistics Deal
Global, sector-focused law firm HFW has continued its run of M&A deals, advising The Pallet Network (TPN) on its £52.8 million sale to Eddie Stobart Logistics plc by mid-market private equity firm LDC.
TPN is the UK's leading provider of pallet distribution services. LDC backed the original management buyout of TPN in 2007, before reinvesting in the business in 2016. TPN's revenue has more than trebled since LDC's original investment.
HFW advised TPN on the regulatory and commercial aspects of the deal. The firm's team included partners Craig Neame and Richard Spiller, senior associate William Reddie and associate Ellie Kirby.
National law firm Browne Jacobson advised LDC, which is part of the Lloyds Banking Group.
The deal follows HFW's advice to private equity firm Livingbridge on the management buyout of one of the UK's leading independent insurance brokers, Coversure Insurance Services Group.
The firm also recently advised the sellers of a majority stake in Miles Smith Insurance Group to private equity firm Pollen Street Capital, Coverys on its acquisition of R&Q Managing Agency, and MGA Sciemus on an investment by Hudson Structured Capital Management. The team also acted on the acquisitions of CORGI Homeplan and CETA Insurance.
ABOUT HFW
HFW is a leading global law firm in the aerospace, commodities, construction, energy, insurance and shipping sectors. The firm has almost 600 fee-earners, including 180 partners, based in 19 offices across the Americas, Europe, the Middle East, Asia and Australia. We take a progressive approach to our roles in commercial business – thinking creatively and pragmatically to support our clients. HFW prides itself on its deep industry expertise and its entrepreneurial, creative and collaborative culture.
For further information, please contact:
Chris Johnson
Head of Communications
D +44 (0)20 7264 8159
M +44 (0)7976 939864
E chris.johnson@hfw.com
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