Bournemouth: Lester Aldridge advises C4L shareholders on sale of business

Simon Holden and Grant Esterhuizen, corporate partners based in Lester Aldridge’s London and Bournemouth offices respectively, led a team in acting for and advising the selling shareholders of C4L Group Holdings, a successful and growing network-services and data-centre-hosting business. 

C4L was sold to Selection Services Investments, a wholly-owned subsidiary of Castle Street Investments plc (CSI), a company quoted on the AIM market operated by London Stock Exchange plc. The sale was for a total consideration of £20.2 million, which was paid in a combination of cash and shares in CSI. As part of the transaction, two of the selling shareholders joined the board of directors of CSI.

The Lester Aldridge team included Susan Cowan, Suki Samra, Catharine Geddes, Alex Bilionis, Chris Evans, Edward Adamson and Anna Shonfeld, who provided advice and assistance throughout the transaction on a broad range of corporate, property and employment-related matters.

Holden commented: "We are delighted to have assisted the selling shareholders of C4L, who have built a high-growth company within an exciting sector.” 

Esterhuizen said: "We worked alongside the selling shareholders giving them clear, pragmatic advice on the acquisition process and ensuring that the deal was completed within a tight deadline. As head of the commercial group, I am proud of the collective team.”

Financial and tax advice was provided to the sellers by Inspire Professional Services, a firm with which Lester Aldridge enjoys a close working relationship.