Heald Solicitors LLP has advised Schueco UK Limited on its recent acquisition
Heald Solicitors LLP has advised Schueco UK Limited on its recent acquisition of sister companies Kestrel Aluminium Systems and Kestrel Powder Coating, two well established aluminium processing and powder coating companies based in the Midlands.
A long-standing client of Heald, Schueco UK Ltd are based in Milton Keynes and are part of the Schüco group based in Bielefeld Germany. The Schüco Group develops and sells system solutions for the building envelope made from aluminium, steel and PVC-U. Founded in 1951, the company is now active in more than 80 countries. Schüco works with 10,000 fabricators and 30,000 architectural practices, as well as construction professionals who commission buildings around the world.
Pete Temprell, Managing Director of Schueco UK & Ireland said:
“This is a fantastic development for Schueco UK. The Kestrel businesses are established for over 30 years in the UK and have a strong customer base, which we can continue to grow and develop. It was a complex acquisition with two companies, but Heald’s knowledge and expertise advised and guided Schueco throughout the process from the NDA agreement, due diligence, head of terms through to the completion in September.”
The agreement to purchase both companies was led by Heald’s specialist Corporate Partner, David Dees, supported by Alexander Windo. The Heald team advised on a range of transaction documents, undertook a full and thorough legal due diligence process and drafted and negotiated a complex share purchase agreement.
The deal also involved substantial property work which was carried out by Property Partner Caroline Wilton who provided clear, no-nonsense advice on the title and lease extensions amongst other ancillary points.
Heald is proud to have delivered another high-class completion in the SME acquisition market.
If you are considering the sale or acquisition of a business, Heald’s experts would be happy to advise and guide you through the process.