InsightsNews - Corporate, Banking and Finance - POSTED: December 13 2016
Corporate team advise on fifth acquisition for Britain’s largest independent ship repairer
Brachers’ Corporate team has advised on Burgess Marine’s acquisition of Superyacht procurement specialist Global Services and its sister company, Global New Builds.
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This is the fifth acquisition for Burgess Marine which is Britain’s largest independent ship repairer. The transaction was backed by RJD Partners, the specialist UK middle market private equity investor, who also invested in the company’s management buyout in January 2015.
The deal was overseen by James Bullock, Head of Corporate and Tim Turner, Corporate Solicitor, with the team having previously acted as legal advisers on the company’s MBO and its previous acquisitions.
This strategically important acquisition will further bolster Burgess Marine’s reputation in the Superyacht sector, enabling them to provide an extended offering, enhance their customer service and pass on costs savings to their client through improved internal efficiencies.
Nick Warren, CEO of Burgess Marine, said:
“It has been a pleasure to work with Brachers and RJD again, on what has been a very successful deal for both Burgess Marine and Global. I regard James Bullock and his team as our legal ‘partners’: they understand our business and our long term strategy and their legal advice is always given in that context. We can rely on them to provide strategically sound advice and a level of commercial astuteness that ensures the best outcome for our business.”
James Bullock, Head of Corporate and Commercial at Brachers, said:
“We are delighted to have helped the Burgess Marine team complete this important deal. It’s incredibly rewarding to be able to work with such a focused and ambitious team, and to continue to play a part in the growth of this incredible business.”
Brachers’ Corporate team specialises in business acquisitions and disposals, private equity, joint ventures, share schemes and complex corporate restructuring, with clients ranging from owner-managed businesses to multi-national corporations.
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