Hogan Lovells Advises DouglasBay Capital plc on Sale of Laxey Logistics Ltd

Hogan Lovells has advised DouglasBay Capital plc and management sellers on the sale of Laxey Logistics Limited which owns the TDG Group for £196.5m on a cash and debt free basis as at 30 June 2010.

Completion is expected between mid-January and mid-February 2011 and is subject to competition clearance from the EU Commission.

The Hogan Lovells team advising on the deal was led by private equity partner, Tom Whelan, assisted by Rachel Ash (Counsel), Ina Berg-Winters (Counsel), Amanda Onions (Senior Associate), Monika Przygoda (Associate), Heba Soliman (Trainee).  Karen Hughes (Partner) and Andy Waddell (Associate) assisted on tax matters; Stephen Ito (Partner), Katie Banks (Partner) and Jacqueline Hill (Associate) advised on pensions matters; Bernadette Leyland and Louise Coffey on banking and security related matters; Lesley Ainsworth (Partner) and Paul Castlo (Associate) on competition aspects; Louise Whitewright (Partner) and Louise Crook (Associate) on share-scheme matters and Magnus Burrough (Senior Associate) on environmental matters.

Our offices in Spain, Netherlands, Germany, France, Hungary and Poland were also involved, advising on jurisdictional matters in relation to this deal.

Tom Whelan said: “We are delighted to have acted for DouglasBay Capital plc on such a high-profile deal and we wish Norbert Dentressangle SA well as new owners of TDG. This is the first time we have been instructed by DouglasBay Capital plc, so it is fantastic that we were able to act on a deal of such magnitude. We hope to continue our relationship with them on many other interesting and high-profile projects.”

This deal comes on the back of Hogan Lovells' recent appointment to the legal panel of new client Trilantic Capital Partners, a global Private Equity firm.

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