Browne Jacobson dealmakers advise on Dutch PE firm’s investment into Cooper Parry
Browne Jacobson have successfully advised the partners of leading accountancy firm Cooper Parry on the agreement for Dutch based firm, Waterland Private Equity to invest in the business.
Browne Jacobson have successfully advised the partners of leading accountancy firm Cooper Parry on the agreement for Dutch based firm, Waterland Private Equity to invest in the business.
The award-winning accountancy firm, which is headquartered in the East Midlands also has offices in Birmingham and London. The business works with a diverse range of organisations including high growth tech and scale-up businesses, retailers, property businesses and not-for-profit organisations. Its specialist accountancy services include, audit, tax, service charge, wealth management and corporate finance.
With Waterland’s investment, Cooper Parry in the roll out of its five-year growth strategy will see them broaden out their service offering to existing and target clients, both nationally and internationally.
The Browne Jacobson corporate team advising Cooper Parry spans the firm’s various sectors and service lines in the Midlands. Partner, Richard Cox led on the sell-side and pre-completion reorganisation element of the deal, with support from associate Matt Dorman on the sell-side and senior associate Victoria Hustler on the pre-completion reorganisation. Partners Gavin Cummings and Sandra Wong advised on the investment by the partners alongside Waterland in newco, with support across the transaction from associates, Jack Milnthorpe and Sonia Bains. Partner Andrew Noble provided tax advice on the transaction.
Browne Jacobson partner Sandra Wong added: “Cooper Parry are one of the UK’s leading and the fastest-growing accountancy firm and have an excellent reputation in the industry for delivering high quality advice. With Waterland’s backing and expertise in buy-and build strategies, Cooper Parry will be able to expand its trusted and innovative profile into a wider international market and we are delighted to have supported them in this next exciting step towards that.”
Cooper Parry will now convert to a limited company whilst the management team will remain the same and comprises, amongst others, CEO, Ade Cheatham who said: “This is a really important milestone for our business. we are excited to have Waterland’s investment and expertise so we can further our growth story in the UK and realise our ambition of growing our international offering.
“We have worked with Browne Jacobson for a number of years, we trust them because they know the makeup of our business, understand our objectives and always deliver the best commercial advice so we were pleased to have their support on this exciting move.”
Browne Jacobson’s national corporate finance practice Jacobson is ranked by Experian as one of the country’s leading corporate finance teams. It operates from our offices in Birmingham, London, Manchester, and Nottingham and is made up of over 50 expert corporate, private equity, venture capital (VC) and banking & finance lawyers delivering multi-layered transactions across a diverse range of sectors.
The team works collaboratively with a rich, diverse and longstanding portfolio of domestic and international clients including, fast growing start-ups, FTSE 100 companies, private equity investors and the UKs leading banking institutions.
Related expertise
You may be interested in...
Press Release
Browne Jacobson to advise East London Waste Authority on major waste programme
Press Release
Browne Jacobson advises Greater Manchester Combined Authority on its investment in Beryl
Press Release
Browne Jacobson successful for National Lottery in Court of Appeal
Press Release
Browne Jacobson advises Blazehill Capital on senior credit facility
Legal Update
Veganism and manufacturing: Supply chain issues
Opinion
BBC personality wins appeal on IR35 status
Press Release
Browne Jacobson advises Care Fertility Group on acquisition of CRGW
Press Release
Browne Jacobson partner Jeanne Kelly elected President of the British Irish Chamber of Commerce
Press Release
Browne Jacobson advise on Rcapital’s strategic exit from facilities and property services specialist Triosgroup
On-Demand
'Autonomous vehicles: what the future holds' on-demand
Opinion
Mediation – remote or in person?
Opinion
The UK market offers the best value for commercial real estate
Legal Update
Product distribution – how to protect yourself from an early exit
On-Demand
Automotive webinar - EV charging points: contractual and liability issues to be aware of
On-Demand
Automotive webinar - Grant Funding and Collaboration Agreements
In this session, we examined the legal framework around grant funded collaborations and discussed the key risks to be aware of, including IP ownership and compliance with grant terms.
On-Demand
Automotive webinar - Commercial Contracts
Press Release
Browne Jacobson advises sustainable waste solution provider Covanta Europe on its new Wellingborough based aggregate processing plant
Press Release - #BeingBrowneJacobson
From associate to partner in an investment lifecycle - Ryan's story
Press Release - #BeingBrowneJacobson
Browne Jacobson helps the Civil Aviation Authority take off with its modernisation masterplan
Legal Update
Fashion retailers: Is this the end for free returns?
Published Article
Luxury brands and sustainability: The challenges and solutions
Legal Update
Trigger happy when directors’ duties are the target?
In a judgment handed down yesterday the Supreme Court has affirmed that a so called “creditor duty” exists for directors such that in some circumstances company directors are required to act in accordance with, or to consider the interests of creditors. Those circumstances potentially arise when a company is insolvent or where there is a “probability” of an insolvency. We explore below the “trigger” for such a test to apply and its implications.
Legal Update
The Retained EU Law
Created at the end of the Brexit transition period, Retained EU Law is a category of domestic law that consists of EU-derived legislation retained in our domestic legal framework by the European Union (Withdrawal) Act 2018. This was never intended to be a permanent arrangement as parliament promised to deal with retained EU law through the Retained EU Law (Revocation and Reform) Bill (the “Bill”).
Opinion
Sequana: Supreme clarification on the duty owed to creditors
The Supreme Court has unanimously dismissed the BTI v Sequana appeal and reviewed the existence, content and engagement of the so-called ‘creditor duty’; being the point at which the interest of creditors is said to intrude upon the decision-making of directors of companies in financial distress.
Opinion
IR35 rules to be scrapped from April 2023
Published Article
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".
Press Release - Firm news
Browne Jacobson strengthens its UK&I commercial practice with hire of new retail & consumer specialist partner
Browne Jacobson has bolstered its commercial practice in the UK with the appointment of commercial contracts and international trade specialist, Emma Roake, into its City-based London team.
Press Release
Browne Jacobson’s Private Equity specialists advise Palatine on key CTS exit
Browne Jacobson’s national private equity (PE) lawyers have advised leading mid-market PE investment firm, Palatine Private Equity (Palatine) on its exit from CTS Group, the fast-growing specialist in testing, inspection and geoengineering consulting services to the construction and infrastructure sectors.
Press Release
Browne Jacobson’s specialist corporate finance lawyers advise LDC on sale of global IT services provider
Browne Jacobson’s corporate finance lawyers have advised leading mid-market private equity firm, LDC and management on the sale of specialist managed IT services provider, Littlefish to Bowmark Capital.
Legal Update
Digital Markets Act and Data Platforms - FRANDs for life?
The Digital Markets Act (the “DMA”) joins the dots between competition law and data protection law and actively targets data-driven platforms. It is also a comprehensive regulation to take note of, with familiar GDPR-style fines tied to turnover.
Opinion
Cameras in convenience stores: a potential hornet’s nest..?
Legal Update
Merger and Acquisition trends in the specialist lending market
Published Article
Rolls Royce SMR ambitions will bring Hinkley like benefits to regions
Rolls-Royce has shortlisted six locations for its first factory for small nuclear power stations. We look at the impact on regions & local businesses
Legal Update
Banking Transaction Update July 2022 - North West transactions
There are clearly challenging macro-economic factors at play but at Browne Jacobson we continue to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.
Opinion
Covid Rent Arrears: Cinema operators’ appeals dismissed
The Court of Appeal has dismissed two cases regarding rent arrears accrued during the Covid lockdowns. The cases are London Trocadero (2015) LLP v Picturehouse Cinemas Ltd and Bank of New York Mellon (International) Ltd v Cine-UK Ltd.
Press Release
Browne Jacobson advise on the disposal of international chemical manufacturer
Browne Jacobson’s corporate lawyers have successfully advised the shareholders of specialist chemical manufacturer, Amity International on its acquisition by Belimed AG, a subsidiary of Metall Zug AG.
Opinion
Proceed with caution – covenants in franchise agreements
In the recent case of Dwyer (UK Franchising) Limited v Fredbar Limited and ano’r [2022] EWCA Civ 889, the Court of Appeal considered the reasonableness of restrictive covenants in a franchise agreement.
Press Release
Browne Jacobson’s North West dealmakers advise on shipping and logistics business acquisition of Lancashire based World Options
Browne Jacobson’s Manchester based corporate lawyers have advised tech enabled shipping and logistics service provider, World Options on its majority buyout by Italian headquartered MBE Worldwide (“MBE”) for an undisclosed sum.
Press Release
Browne Jacobson advises AIM listed green hydrogen tech business on global electrolyser licence deal
Browne Jacobson’s specialist cleantech lawyers have advised AIM market listed Clean Power Hydrogen Group Limited (CPH2) on its global licence agreement with GHFG Ltd.
Opinion
Court of Appeal overturns “fire and re-hire” injunction
The Court of Appeal overturned the “fire and re-hire” injunction, finding that there was nothing in the express contractual provisions preventing Tesco from giving the notice to terminate employment in the usual way.