21 April 2023
We have advised Caledonia Investments on its acquisition of a majority stake in the European division of AIR-serv, comprised of Airvending Limited and AIR-serv Netherlands B.V. (together 'AIR-serv Europe').
Headquartered in Wigan, Lancashire, AIR-serv Europe is a leading designer and manufacturer of air, vacuum and jet wash machines which it provides as turn-key solutions to fuel station forecourt operators across Western Europe. It has over 200 employees, operates from nine offices, and serves c.2,500 customers with c.20,000 machines installed across more than 15,000 customer locations in the UK and Ireland, the Benelux, France, Germany and Spain.
Commenting on the transaction head of private equity at law firm Taylor Wessing Ed Waldron said: "It's always a pleasure to work with the private capital team at Caledonia and we are delighted to have supported them on their latest acquisition. We look forward to working with Caledonia and Air-serv, and wish Air-serv the very best for their next phase of growth."
Theo Tizard, Investment Director at Caledonia commented: "The holistic support we received from Ed, Jonny, Martin and their wider Taylor Wessing colleagues was excellent and meant we could deliver the transaction rapidly for all stakeholders in the process.”
The transaction was led by partners Ed Waldron and Jonny Bethell with support from associates Omar Amin, Erin Chu, Angela Petrevska, Catie Raymond and Sarah Wallace in the Private Equity Team.
Further support was provided by:
Banking and Finance Team
Partner Martin Yells, senior associate Kate Bowden, associate Anna Dugoni and trainee solicitors Dillan Madhani and Annelise Amoah.
Commercial Technology and Data Team
Partner Sian Skelton, senior associate Mary Rendle, and associates Laura Craig and Prachi Vasisht.
Partner Nick Storrs and senior associate Nick Maday.
Employment, Pensions and Mobility Team
Partners Sean Nesbitt and Anna Taylor and senior associates Georgina Wardrop and James Watkins.
Partner Paolo Palmigiano and senior associate Elisabetta Rotondo.
IP and Media Team
Senior associate Simon Jupp.
Tax and Incentives Team
Partner Liz Wilson and associate Joe Fallon.
Real Estate Team
Partner Emma Oakley and associates Francesca Gibbs and Joanna Bassett.
Partner Selma Baouch and associate Niki Eldering.
Partner Dr. Philip Cavaillès and associate Henrik Grawe.
Partner François Mary and associate Charlène Fofana.
(ECIJA) Partners Íñigo Zumalabe Oñoro and Patricia Liñan Hernandez.
Partners Bart de Moor and Gisèle Rosselle and senior associate Céderic Devroey.
by multiple authors
by multiple authors
by Edward Waldron and Dr. Peter Hellich