LEADING Dorset commercial solicitors Steele Raymond LLP has advised Hong Kong based Challenge Group Limited on the sale of the group’s power transmission business to the international transmission specialist Megadyne S.p.A.
Conceived in 1979, Challenge Group expanded significantly over the last 39 years, supplies over 100 countries and holds over 8,000 lines of transmission products used globally in industries such as manufacturing, mining, energy, food, and construction.
Challenge Group, which has subsidiary businesses in the UK, Ireland, South Africa, Australia and China, will join Megadyne S.p.A’s other global transmission groups.
Challenge Group founder and CEO Bill Cody said: “We are delighted that the sale of Challenge Group has completed and has now joined Megadyne S.p.A global transmission network.”
The transaction was led by Partner and Company Commercial Solicitor Nick Davies, who has extensive experience of international mergers and acquisitions (M&A) and of the manufacturing sector. The team at Steele Raymond provided comprehensive legal advice and assistance on the sale of the Group handling due diligence, advising on all transactional and ancillary documents covering such areas as company law, banking, finance and securities issues, commercial property and employment law matters.
Nick said: “This was a very interesting multi-jurisdictional transaction which we were very pleased to be asked to act on. Our work involved the usual company law advice but we also played a significant role in coordinating the legal work across all of the relevant jurisdictions. Selling 5 companies located in different jurisdictions simultaneously there was a lot to pull together within the defined timeframe, but we met the deadline set out by the Buyer.”
“We are seeing a lot more non UK buyers on M&A transactions and the team at Steele Raymond are used to dealing with the issues that can crop up with international buyers. We wish Bill, the Challenge team, and Megadyne all the very best in this new chapter of the Challenge story”.
Bill continued: “Steele Raymond’s advice and coordination on this significant international transaction was essential to meet the tight time frames. The team handled all matters expertly and were able to find a path through trickier moments as and when those arose. As a result the process was as smooth as is possible when selling multiple companies at once.”
For more information about the Company and Commercial Team at Steele Raymond, please visit www.steeleraymond.co.uk.
Barclays Wealth and Investments, Savills, Saffery Champness Accountants and Steele Raymond solicitors addressed a packed room of delegates at a seminar dedicated to looking at the outlook of the national and local property market. The popular event took place at the Vitality Stadium at AFC Bournemouth. Guest speakers opened the event, followed by a panel of experts taking multiple questions from the floor.
Opening the event was John Jones, Head of UK Banking and Credit Origination for Barclays who talked about trends in the market place, gave a summary of property predictor research and of the prosperity index and finished with a brief background to approaching high net worth lending. At Barclays John leads a team of 23 Lending Specialists.
Head of UK Residential Research for Savills, Lucian Cook shared his findings from research in to the market, including overall trends, analysis of emerging growth areas and Savill’s insight into local surrounding areas. Lucian is one of the country’s most authoritative housing market commentators, having been a director in Savills much-respected research team since 2007. At Savills he leads a team of 25 highly respected researchers who collectively cover everything from social housing to the prime markets of central London and development land to residential investment.
Members of the Panel included;
· Saffery Champness Partner, Roger Wareham who specialises in property investment, developers, contractors, agents and advisory businesses across the south coast.
· Chris Twaits, Partner & Head of Commercial Property at Steele Raymond LLP and recognised by The Legal 500 (a key independent guide to the legal profession) as a ‘leading individual’ in commercial property in Dorset and Wiltshire.
· Phillip Beattie, an Associate Director in the Central Southern Development team of Savills, responsible for providing valuations on a wide range of commercial and residential properties and development sites throughout Dorset Hampshire and the South.
The expert panel took numerous questions from the floor, including questions around stamp duty, inheritance tax planning, whether the Government seeks advice from Savills, potential growth in the ‘build to rent’ sector and whether we will see mortgages being transferred to the next generation.
Roger Wareham from Saffery’s commented, “There were lots of interesting and insightful questions asked and much lively debate followed. It was really good to see the trends and themes highlighted locally.”
The Seminar was following by refreshments and networking.
The Bournemouth Chamber of Trade & Commerce would like to invite all business owners to a free networking event at Steele Raymond LLP Bournemouth.
Make new contacts, swap business cards, obtain new work.
Venue: Richmond Point, 43 Richmond Hill Road, BH2 6LR – Parking is availiable directly opposite in Richmond Hill public car park.
Time: 6 p.m. till 8 p.m.
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Cost: Free to members
Non-members are able to frequent two events before becoming BCTC members. To find out more on how to become a member, please visit: http://www.bournemouthchamber.org.uk/members/
Future dates for your diary:
LEADING Dorset commercial solicitors Steele Raymond LLP has advised Arden Communications Group on its multi-million pound acquisition of a Midlands-based IT and communications firm.
Arden Communications Group completed the seven-figure acquisition of Birmingham-based communications firm Computerworld Business Solutions (CBS).
The transaction becomes the fourth acquisition by the Arden Communications Group in the last three years and continue their ambitious and significant growth having previously acquired two other IT and telecommunications businesses, Unitycomm and Page IT Solutions Limited, in 2015.
Computerworld Business Solutions (CBS) established in 1982 in Birmingham and specialises in highly technical IT services, infrastructures, communications, virtualisation and security.
The integration of CBS significantly strengthens Arden Group’s ability to deliver cutting edge IT and telecom solutions to all sizes and sectors of businesses across the UK and globally.
An experienced legal team from leading Bournemouth commercial solicitors Steele Raymond LLP advised Arden Communications Group, a longstanding client of the firm, with comprehensive support and advice on the acquisition of both businesses including corporate, banking and finance and commercial property advice.
The transactions were led by Partner and company and commercial solicitor Nick Davies, who has extensive experience in acting for IT and technology clients, as well as across a wide range of other sectors.
Nick said: “We are delighted to have supported Arden Communications Group through a number of significant acquisitions over the last few years as part of some exciting growth plans. Having worked with the Arden Communications Group team for a number of years, we were well placed to ensure a seamless and co-ordinated approach to these complex acquisitions. It also allows us to work closely with other external advisers and ensure that the process completes as smoothly as possible.”
Matt Cusack, Finance Director at Arden Communications Group, added: “Having worked with Nick and the Steele Raymond team on a number of acquisitions we now have a relationship that allows us to focus on moving forward with transactions quickly and efficiently. We are delighted to have brought another significant business into the Arden Communications Group’s portfolio of companies and add to our next phase of growth. Steele Raymond’s advice and assistance was as invaluable as ever in completing these acquisitions. Steele Raymond always provide outstanding service levels which is unmatched in my experience.”
LEADING Dorset commercial solicitors Steele Raymond LLP continue with their regional growth following the appointment of a further commercial property solicitor.
Kayleigh Medland joins the Bournemouth head office of the firm after relocating to Dorset from Oxfordshire. Kayleigh is the latest addition to the firm’s 12-strong top-tier commercial property team following a year of sustained growth for the firm.
Kayleigh has experience in acting for a variety of clients in relation to a wide range of commercial property work including landlord and tenant, investment and land development.
Commenting on her appointment, Kayleigh said: “I am excited to be joining such a forward thinking and significant commercial property team with an outstanding reputation across the region. I was very attracted by the vision and values of the firm and the opportunity to play a part in the further development and growth of the team.”
Chris Twaits, Head of Steele Raymond’s Commercial Property team, added: “We are delighted to welcome someone with Kayleigh’s talent to the commercial property team. Kayleigh’s appointment further strengthens our ‘top-tier’ rated commercial property team and shows our real commitment to providing market-leading legal advice. This latest appointment showcases our continued commitment to identify and hire the best legal professionals and underlines our plans to continue to grow and strengthen our team across the South Coast.”
LEADING Dorset law firm, Steele Raymond LLP has continued its regional growth with the appointment of a Senior Associate to its Residential Property Team.
Conveyancer Helen Jones, joins the Bournemouth head office of Steele Raymond and brings with her a wealth of experience in all areas of residential property services from her 14-year tenure as a Conveyancer in Dorset.
Devon-born and Cornwall-raised Helen moved to Dorset 2003 where she specialised in Residential Property legal work.
Commenting on her appointment, Helen said: “I am delighted to be joining Steele Raymond. It is very exciting to be part of a team that is able to provide a quality service, but still retaining that all important personal touch. It is a very positive time for the firm, with the Residential Property team going from strength to strength and I’m really looking forward to playing a major part in the continued growth.”
Sue Middleton, Partner and Residential Property Team Leader, said: “We are delighted to welcome someone of Helen’s talent to the firm. This latest appointment showcases our continued commitment to identify and hire the best legal professionals underlining our plans to grow and strengthen our team to further our market leading position.”
If you have any questions for our conveyancing solicitors in Bournemouth and Southbourne please contact us for more information
A Bournemouth law firm has launched a specialist legal team to tackle the often complex challenges and issues facing the construction industry.
The construction law team at Bournemouth solicitors Steele Raymond aims to help and advise developers, contractors and sub-contractors, professional consultants and the finance sector on contentious and non-contentious issues of procurement, construction contracts, commercial agreements and development agreements.
Head of the Construction Law team and Managing Partner Peter Rolph said: “Research carried out by Arcadis indicates that the average construction dispute in the UK in 2014 was £17.2m. As confidence in the construction industry grows we are seeing much larger projects being developed with much larger sums of money being at stake. Couple that with the ever increasing complexity of these projects can result in a situation where there could easily give rise to a dispute.”
The team comprises of a wealth of contentious and non-contentious experience. Graeme Roberts, a consultant with over 25 years’ non-contentious construction law experience and specialises in drafting and negotiating all documentation involved in construction projects. Peter Rolph has over 30 years’ experience in a full range of contentious construction disputes in adjudication, arbitration and litigation. Peter has also been a n accredited commercial mediator for over 15 years.
The construction team also benefit from the national experience of Senior Associate Simone Ritchie who specialises in resolving property disputes. Nikki Gates, works with developers, builders and contractors in the recovery of construction contract debts.
Peter said: “Early commercial resolution when disputes arise is key. In many cases disputes could have been avoided. The more care that is taken at the outset in drafting contracts the clearer the parties are as to their rights and remedies; the more disputes can be avoided. Avoiding disputes before they arise allows everyone to focus on running and growing the business.”
For further details on the Steele Raymond Construction Law team visit www.steeleraymond.co.uk or to speak to one of our experts call 01202 294566.
Two local solicitors at a Bournemouth law firm are celebrating after both being nominated for Professional of the Year in the Dorset Venus Awards.
Family solicitor Lindsay Halliwell and Employment solicitor Amy Cousineau Massey both of Steele Raymond LLP in Bournemouth have been shortlisted for the prestigious awards.
The annual awards, which now enters its seventh year, is for the most highly qualified woman who excels in her professional occupation. Both Lindsay and Amy have been selected to be nominated for a chance to go on to the semi-final of the awards.
Lindsay Halliwell, an Associate Solicitor in the Family team, said: “To be nominated in the first place is overwhelming. I love helping people and regularly work with families who find themselves in very emotional and challenging situations. I’m very honoured and humbled by the nomination as I’m simply doing what I enjoy.”
Amy Cousineau Massey, solicitor and Head of Employment Law said: “News of being nominated came as a complete shock. I simply wasn’t expecting it. I’m so excited and proud to be nominated, particularly alongside a close friend and colleague in Lindsay.”
Peter Rolph, Managing Partner at Steele Raymond, said: “To have two of our solicitors nominated as professional of year in the awards is a remarkable achievement. It is a wonderful recognition of their dedication, hard work and talent in very different areas of the law and their total commitment to the best client service.”
Nominees will be narrowed down further to a pool of semi-finalists by judges from various local business sectors and results will be announced later in the year.
ONE of Dorset’s leading specialist employment lawyers has joined Bournemouth solicitors Steele Raymond to lead the employment team.
Amy Cousineau Massey has joined the top-tier dispute resolution team at Steele Raymond at its Bournemouth head office on Richmond Hill.
Amy is a specialist employment solicitor and joins an established and experienced team which advises a wide range of businesses, from start-ups to large established companies, and supports clients with a range of employment law requirements including discrimination and employment tribunal proceedings.
“Steele Raymond has an excellent reputation in employment law across the south coast and I’m excited to be joining the team. The growth of the firm in recent years has been exceptional and I’m really looking forward to playing a part in the vision and expansion going forward,” said Amy.
With a particular specialism in social media law, Amy brings a wealth of experience in newly emerging laws as the dynamics of running business in a digital world gathers pace.
Amy added: “Employees are the key asset of any business. The rapid pace of changes within employment law, coupled with the changing pace of communication in the workplace can be a challenge for business owners.”
“Employees are increasingly aware of their rights, so it is now more important than ever to manage human resources carefully and efficiently, particularly when it comes to social media.”
Peter Rolph, Managing Partner and head of the firm’s Dispute Resolution team at Steele Raymond, said: “Amy is a welcome and valuable addition to head up our employment law team and we are delighted to have her on board. We see employment law as a key area for growth and support for our commercial teams”
“Amy’s appointment will further strengthen our already strong team. Her experience in employment law will add a new range of services that we are able to offer our clients across the south coast.”