Case Studies

  • Client:
    HL Plastics

Shareholders in sale

We acted for the shareholders of HL Plastics on the sale of the company to Quanex Building Products Inc. for £95m.

The sale was facilitated by the de-merger of some companies and assets which some of the sellers wished to keep. This required a refinancing of certain bank debt as well as dealing with complex tax issues. Part of the deal was to allow one of the sellers to set up a Family Investment Company to protect part of the proceeds of sale.

We provided the legal advice on the whole sale and de-merger process.

"This is exactly why we like to work with people who understand the industry and can identify potential issues and create solutions."

Jon Saltinstall, Senior HealthCare Banking Consultant, Lloyds Bank