Browne Jacobson’s corporate lawyers have advised award-winning international freight forwarding company Spatial Global on its acquisition of Hollyport Logistics for an undisclosed consideration.
Spatial Global, which is part of the Keswick Enterprises Group, is headquartered in Castle Donington and was founded in 1980. The business is considered one of the UK’s leading independent global mailing services that specialises in freight forwarding, mail& courier, e-commerce, fulfilment and warehousing & logistics.
Hollyport Logistics is based near London Heathrow and was founded in 2010. Hollyport provides high quality freight and customs services in various sectors, including the IT sectors and operates various international transport services including air, road and sea freight and custom clearance. It also has a dedicated storage, handling and delivery service within a third-party location (3PL) operation in Amsterdam for EU shipments.
The transaction will enhance both parties’ capabilities of international & domestic freight movements, warehousing capabilities and customs brokerage and will offers access to a wider range of carriers.
The Browne Jacobson team comprised partner and head of the firm’s Manchester office, Peter Allen who led on the transaction along with associate Harpinder Nahl. Senior associate Lincoln Darlington advised on real estate aspects and associate Christian Burchardt advised tax.
Peter Allen said: “There is great synergy in the values of both Spatial and Hollyport. They both have solid market strengths in providing high quality logistics and delivery solutions to a diverse customer portfolio, so it makes sense for Hollyport to come into the Spatial fold, in a move that offers both businesses a fantastic opportunity to bolster their international and domestic freight operations.”
Mike Wallis, Executive Chairman of Spatial Global said: “The opportunity to acquire Hollyport arose and very early on we saw a business built on the same values that we work to. We are very pleased that all staff at Hollyport Logistics Ltd will remain as they are vital to the process and relationship with the customers and suppliers. We are happy to have a Heathrow base going forward.”
“I would also like to highlight the excellent support we had from the Browne Jacobson team who advised us on this important move. They delivered a very hands-on, responsive and proactive service. Their extensive M&A expertise, user-friendliness and the broad sector experience of the team really stood out for us.”
Browne Jacobson’s award-winning corporate finance practice operates from the firm’s Birmingham, London, Manchester and Nottingham offices. It is supported by over 50 corporate and banking & finance expert lawyers who advise domestic and international clients on a full spectrum of corporate issues, from major strategic transactions, such as mergers and acquisitions (M&A), private equity, venture capital and development capital investments, joint ventures and corporate reorganisations to regulated corporate work such as initial public offerings (IPOs) and cross border restructuring.
Related expertise
You may be interested in...
Press Release
Browne Jacobson advise Leicestershire based tech compliance specialists Obsequio Group on two key investment deals for build and buy strategy
In Person Event
In-house lawyer's launch event
On-Demand
NSIA: the thorn in the side of M&A?
Press Release
Browne Jacobson’s Manchester dealmakers advise Spatial Global on its acquisition of Heathrow based freight specialist Hollyport Logistics
Press Release
Browne Jacobson dealmakers advise B Corp certified Edit Agency on its investment into data insight agency Wood for Trees
Opinion
Can toilet facilities amount to sex discrimination?
Press Release
Browne Jacobson advise on disposal of Sella Controls to HIMA Group
Press Release
Browne Jacobson’s dealmakers advise leading door hardware supplier and manufacturer UAP on its acquisition of Maher London
Opinion
Supreme court rules on retail tenant's service charge bill
Press Release
Browne Jacobson dealmakers announce completion of over 130 deals worth billions in value in 2022 and eye up healthy pipeline for 2023
Legal Update
Banking Transaction Updates - January 2023
Press Release
Browne Jacobson advises Superscript on £45m Series B funding round to transform its SME insurtech offering
Legal Update
MEES: Are you ready for April 2023?
With only a few months left until the next phase of changes in the application of the Minimum Energy Efficiency Standards (MEES), it is important for both landlords and tenants of commercial property in England and Wales to review their property portfolios.Press Release
Manchester dealmakers advise Maven Capital Partners on £1m investment in fintech disruptor Nivo Solutions
Published Article
Consumer duty part 3 - 'The drill-down' into the 'cross-cutting' rules
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.
Press Release
Browne Jacobson advises LDC on investment in water and environmental sustainability specialist Stonbury
Press Release - #BeingBrowneJacobson
From associate to partner in an investment lifecycle - Ryan's story
On-Demand
The UK's green agenda - the outcomes of COP27 and actions since COP26
Press Release
Bishopsgate and Browne Jacobson advise on US firm’s acquisition of Notts based tech services business Custard
Bishopsgate Corporate Finance and law firm Browne Jacobson have jointly advised on the acquisition of award-winning tech solutions business, Custard Technical Services by US managers services and cyber security provider, Thrive.
Press Release
Browne Jacobson’s retail lawyers advise Wilko on its strategic £48m sale and leaseback of Nottinghamshire distribution centre to DHL
National law firm Browne Jacobson has advised long standing retail client, Wilko on the sale and leaseback of its Nottinghamshire distribution centre in Worksop to logistics specialist DHL for £48m.
Press Release
Suzanne Harlow joins Browne Jacobson as Non-Executive Director
Law firm Browne Jacobson is pleased to announce that Suzanne Harlow has been appointed Non-Executive Director of its Retail, Consumer & Logistics sector.
Legal Update
Is this the end for free returns?
Earlier in the year a number of fashion retailers, boldly announced the introduction of a charging fee for returning any product purchased via their online store. Yet, despite this commercial, and perhaps somewhat controversial decision, at least one major fashion giant that adopted this approach has recorded ‘historic highs’ in its September profits. Browne Jacobson partner, Cat Driscoll who heads up the firm’s commercial team in Manchester and is also head of its Fashion & Beauty sector discusses whether this change has put the average consumer off and whether the days of free returns are long gone.
Published Article
AI generated designs on retail products
Every AI will have its own terms of use. DALL·E 2’s Terms of Use dated 3 November 2022 specify that as between a user and Open AI, a user owns their prompts and uploads. Open AI also assigns to the user all rights in any images generated by DALL·E 2 for that user (subject to the user complying with those Terms of Use, and to a licence to use inputs and output to develop and improve the services).
Legal Update
Floating offshore wind pipeline potential
Legal Update
ESG in deals and investments
Published Article
Consumer duty part 2 - 'The drill-down' into the 'cross-cutting' rules
This article is the second in a series to help firms take a practical approach to complying with the ‘cross-cutting rules’ within the new ‘Consumer Duty’ (CD) framework. The article summarises what it seems the Financial Conduct Authority (FCA) is seeking to achieve from the applicable rules (section 2 below) and potential complications arising from legal considerations (section 3).
Press Release
Browne Jacobson announces former Aston Martin Vice President as Non-Executive Director of its Manufacturing & Industrials sector
Law firm Browne Jacobson has appointed former Vice President and Chief Planning Officer (CPO) of Aston Martin Lagonda, Nikki Rimmington as its first Non-Executive Director (NED) of its Manufacturing & Industrials sector strategy board.
Published Article
Luxury brands and sustainability – The challenges and solutions
The fashion industry has a mountain to climb when it comes to sustainability. More than 8% of greenhouse gas emissions come from the apparel and footwear industries, and approaching three-fifths of all clothing ends up in incinerators or landfill within a year of being made.
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”).
Press Release
Browne Jacobson corporate tech lawyers advise Agilico on significant acquisition of managed print services specialist
Browne Jacobson’s corporate technology dealmakers have advised Agilico, a workplace technology business, on its acquisition of Capital Document Solutions Limited for an undisclosed amount.
Press Release
Browne Jacobson advise environmental giant Suez on its £2bn international acquisition of former waste management business
Browne Jacobson’s lawyers have advised Suez SA and its shareholders on its acquisition of its former UK waste management business – Suez R&R UK - from French headquartered business Veolia for an enterprise value of £2 billion.
Press Release
Browne Jacobson appoints its first Non-Executive to Chair to support its corporate sector strategy board
Opinion
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.
Press Release - Careers
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.
Opinion
Cameras in convenience stores: a potential hornet’s nest..?
Press Release
Browne Jacobson advise CTS Group on acquisition of In Situ testing specialists
Browne Jacobson’s private equity (PE) dealmakers have advised Palatine Private Equity backed CTS Group (Construction Testing Solutions Limited) on its acquisition of In Situ Site Investigation, a market leader in Cone Penetration Testing and Pressuremeter techniques and ground investigation services.