Taylor Wessing's European Private Equity Group represents quoted private equity investor, Electra, in its £80 million buyout of Nuaire
Taylor Wessing's European Private Equity Group represented quoted private equity investor, Electra in the £80 million buyout of Nuaire, a leading maker of industrial fans and ventilation systems.
Taylor Wessing's European Private Equity Group represented quoted private equity investor, Electra in the £80 million buyout of Nuaire, a leading maker of industrial fans and ventilation systems.
In an extremely competitive auction process conducted over the past two months, Electra acquired Nuaire from rival private-equity house, ECI Partners, which backed a £38 million management buyout of Nuaire in March 2004. The deal is conditional on certain regulatory clearances.
Nuaire was founded in 1963 by Brian Moss and is based in Caerphilly, South Wales with subsidiaries in France. With a turnover of some £40 million and 350 employees, the business continues to expand as clients upgrade cooling systems to comply with more environmentally friendly building regulations.
Partner, Tim Eyles comments:
"We were delighted to represent Electra on this deal. We were able to involve colleagues in the Private Equity Group from both our London, Paris and German offices, reflecting our European offering."
The cross-disciplinary team from Taylor Wessing UK representing Electra comprised Partners Tim Eyles and Nicholas Hazell, Associates Vanessa Kitching and Jon Blackburn (All Corporate), Partner Dominic Ross and Associate Emily McGee (both Finance & Projects), and Partner Martin Baker and Associate Robert Vidal (both Competition). Partner Noro-Lanto Ravisy led the Taylor Wessing France team, and Partner Marco Hartmann-Rüppel led the Taylor Wessing Germany team in relation to regulatory issues.
Edmund Reed and David Marshall of Travers Smith acted for ECI, while Robert Cherry of Morgan Cole acted for Management.
Notes to editors
For more information please contact Sheena Lee at Taylor Wessing:
Tel: +44 (0)20 7300 4930
Email: s.lee@taylorwessing.com
Taylor Wessing has 271 partners and a total staff of over 1100 across Europe. The firm is a market leader in advising clients in domestic and pan-European private capital transactions, with combined strength in both leveraged buy-outs and M&A. Providing a full range of services, we handle the full range of leveraged private equity transactions in the mid-market for institutional investors, management teams and corporates.
Taylor Wessing is a leading law firm providing legal support for commercial organisations doing business in Europe. Based in Belgium, France, Germany and the UK, Taylor Wessing provides the full range of legal services to major corporations and growing enterprises. Taylor Wessing boasts a strong reputation in the corporate, finance and real estate sectors alongside in-depth experience across the full range of legal services including intellectual property and technology, tax, litigation & dispute resolution, employment & pensions and private client.