Warwickshire’s Lodders completed £100m deals in 2022
Warwickshire-based law firm Lodders’ Corporate team completed £100 million total value of deas in the year ended 31 December 2022.
The team’s highlights for the year include the completion of the sale of Birmingham-headquartered Frontier Development Capital Limited to AIM-listed Mercia Asset Management plc in December 2022, followed by the £10 million sale of Sweetfuels Limited to AIM listed NWF Fuels.
In November, Lodders’ team acted for management on the £20 million sale of a sporting goods manufacturer based in Birmingham, and earlier in the year, acted for Coventry manufacturer Marrill Group on its acquisition of Stadco’s Powys-based pressings business, with support from the Welsh Assembly, saving 129 jobs in the region.
Read more - Record period of deals for Lodders’ corporate team
Lodders also continued working with fastener group Whitehouse Industries, based in Coventry, advising on further acquisitions, namely Fixings Plus and Ernest Engineering.
Graham Spalding, partner and head of the Corporate team at Lodders, said: “The number and value of deals completed by the team have surpassed previous figures, with 2022/23 being a very active, busy and rewarding period.
“As the team has grown, so has the typical deal size for us, and for the year ended 31 December 2022, we advised on deals with a total value in excess of £100million, up from around £50million in the previous year.
“We were particularly pleased to have acted on the sale of Frontier Development Capital to AIM listed Mercia Asset Management plc. A well-known funder to regional and national M&A deals, Frontier Development Capital is a significant provider of property finance, with £416million funds under management at the time of the sale.”
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