Geldards advise on the sale of TTS Shipping Ltd to Navalis Group
Geldards has successfully advised the shareholders of long-standing client TTS Shipping Ltd on its sale to Navalis Group of Germany.
TTS Shipping, a timber transportation and logistics company established in 1988, has become part of the Navalis Group, a renowned family-owned German ship-owner.
The two firms have successfully traded together for over twenty years, both specialists in the forest product trade in the North and Baltic Sea, and the acquisition represents a vertical integration into the supply chain for the Navalis Group.
The Geldards team, led by Corporate Partner Peter Seary, advised on the share sale with support from colleagues Caroline Findlay (Property) and Andrew Evans (Tax).
Dougie Bryce, Director of TTS Shipping said:
“I’d like to thank Geldards for the amazing job you have done on our behalf. We were extremely fortunate to have partners like you ‘fighting our corner’ throughout the sale.”
Peter Seary, Corporate Partner Geldards said:
“We have worked with Dougie Bryce and TTS Shipping for a very long time and were delighted to advise them on this transaction. The meshing of the two companies’ specialist shipping expertise and knowledge promises a bright future for the shipping sector.”
Corporate finance advice for the sellers was given by Dean Curtis and Caroline Monk of Beever and Struthers in Manchester. Navalis was represented by Alex Kyriakoulis and Amy Gyngell of HFW solicitors.