0370 270 6000

Browne Jacobson advises on sale of Gill Marine Holdings Limited

19 December 2018

The corporate finance team at Browne Jacobson’s Nottingham office has advised the selling shareholders on the sale of Gill Marine Holdings Limited to the Myers family office, working in conjunction with Pop Capital, for an undisclosed consideration.

Gill, which is headquartered in Long Eaton, Nottingham, was established in 1975 and is a global designer and manufacturer of marine clothing, footwear and accessories. In 2013, the company won the Queen’s Award for Enterprise.

YFM Equity Partners acquired a majority stake in Gill Marine Holdings Limited, the company behind the global marine apparel brand Gill, for £9m in 2013 after backing a management buyout of the company.

New York based Pop Capital is a private equity firm that specialises in investing in luxury brands with a turnover of up to £40m. Its portfolio includes men’s outfitters New and Lingwood.

Ian Waterfield, Partner at YFM said: “It has been a real privilege to work with the outstanding Gill management team, supported by Chairman Steve Richards. Gill is a fantastic brand and we are sure that the new owners of the business will help drive even further growth.”

The Browne Jacobson team comprised Richard Medd and Sam Sharp.

Richard Medd, corporate finance partner, said:

“We have a strong track record advising on brand disposals in the mid-market space. This deal was an excellent opportunity for us to demonstrate these credentials and we are delighted to have advised on this deal. We are confident that Gill will continue to thrive in the hands of its new owners and experienced management team.”

Focus on...

Blogs

IR35 rules to be scrapped from April 2023

The Chancellor’s recent mini-budget provided a significant announcement for business as it was confirmed that the off-payroll working rules (known as “IR35”) put in place for public and private sector businesses from 2017 and 2021 will be scrapped from April 2023.

View

Published articles

The problematic transition to electric vehicles - what is the impact on manufacturing?

It was reported in May 2022 that the BMW-owned manufacturer had been forced to put a temporary stop on the production of all manual transmission vehicles due to the global semi-conductor shortage and the war in Ukraine. Mini stated that the move was made in order to "ensure production stability".

View

Legal updates

CCGs’ conduct “sufficiently serious” for award of damages in High Court procurement case

This case provides a reminder to contracting authorities that whilst the bar for an award of damages in procurement cases is high, following the Supreme Court ruling in Energy Solutions EU Ltd v Nuclear Decommissioning Authority [2017] 1 WLR 1373, it is not insurmountable when a contracting authority has acted with disregard to the Public Contracts Regulations 2015 (PCRs). There is also further guidance as to the use of frameworks

View

Press releases

Browne Jacobson announces 10 to its 2022 trainee solicitor scheme

Browne Jacobson has welcomed 10 future lawyers to its trainee scheme for 2022 – 2024 as it continues to grow its business.
The new recruits have joined 36 trainees currently at the firm, bringing the total number of trainee solicitors at Browne Jacobson to 46 – a record number for the firm.

View