Clark Holt is very pleased to have advised the shareholders of leading protective packaging specialists, GWP Holdings Limited, on their sale to Macfarlane Group Limited (a wholly owned subsidiary of listed-company Macfarlane Group PLC).

GWP was acquired for up to £15.1million, plus around £3 million of net assets. Clark Holt have been advising the GWP group of companies on corporate, real estate and commercial matters over the last 25 years.

David Pedley commented:

“When the shareholders of GWP decided to sell our business we did not hesitate to instruct Clark Holt to act for us. With more than 25 years’ of experience with them acting for us in a whole range of commercial matters, we were confident we would be in safe hands. The structure of our deal was reasonably complex and involved multiple potential buyers. To add to this, the shareholders were keen to transact in a very tight timescale. Philip Humphreys and his amazing team pulled all the elements together and managed the transaction in a pragmatic and timely fashion whilst interpreting our wishes perfectly. I would have absolutely no hesitation in recommending Clark Holt’s services to anyone. As a commercial law practice, they certainly punch well above their weight.”

The Clark Holt team involved in the transaction included Philip Humphreys and Gail Vallis (Corporate), Karron Whitter (Real Estate) and Peter James (Commercial).

DSA Advisory advised the shareholders on tax matters, with Ken Long at Wright, Johnstone and Mackenzie LLP advising the buyer. BCMS provided corporate finance support to the GWP shareholders.