Geldards’ leading Corporate Lawyers have advised the shareholders of Tamworth based Wearwell Group Limited on the sale of the company to Wear to Work Solutions Limited.
Wearwell, founded in 1939, is a UK designer and manufacturer of high quality technical workwear. The sale was part of a buy in management buyout backed by Rockpool Investments with two of the selling shareholders taking an equity interest in the purchaser.
Beate Maria Greasley of Wearwell, commented:
“We would like to thank Paul and the rest of the Geldards team for their phenomenal efforts during the sale process. Their advice and assistance was invaluable and greatly appreciated. It was a pleasure dealing with you all.”
Paul Feenan, Corporate Partner, who led the transaction for Geldards added:
“We were delighted to advise on this transaction, particularly as Geldards worked with the shareholders on the first management buyout in 2003. The transaction required input from several specialists at Geldards, including members of the Real Estate and Employment teams and it’s great that the clients were so happy with the service we all provided.”
Also advising on the deal was Smith Cooper, who provided corporate finance advice to the shareholders and Brabners, who advised the purchaser.