Business law firm Turner Parkinson have advised the shareholders of Inspirepac on its sale to Smurfit Kappa, a leading paper-based packaging solution business with revenues of over £8.1 billion in over 30 countries.
Inspirepac, a subsidiary of Logson Group, has facilities in Runcorn and has been sold for £43.5m.
Turner Parkinson has a long standing relationship with the shareholders having acquired Inspirepac for Logson Group in 2009. This relationship and understanding of the Inspirepac business enabled Turner Parkinson to maximise shareholder value for the business and to manage the process in what turned out to be a super-fast deal.
James Sheridan, Head of Corporate, and David Easdown led firm wide team including; Robin Hastings and Matthew Flanagan (Corporate), Michael Taylor (Commercial), Daniel Woodcock and Andrea Houghton (Real Estate) and Laura Darnley (Employment).
“This deal was one that required meticulous focus and efficiency to be able to deliver a high value, complex deal in a very challenging timeframe. The Logson team is a great one to work with, and together with Smurfit and their advisory team, it really was deal execution at its best” commented James.
“I am especially proud of the team effort we put in on this project”.
Mike Stephenson, Co-Founder and Chief Financial Officer of Logson, said “We are delighted with the deal and what Turner Parkinson has added to the process. We have known James and the team for a number of years and have always been impressed with their commercial approach. What matters to us when working on a transaction is overcoming hurdles and being proactive, and with such a tight deadline we required our advisers to be committed and driven to going the extra mile”.
This deal is the latest in a series of successful corporate transactions for Turner Parkinson who were recently ranked 2nd for Q1 2015 deal volume in the Corpfin Experian North West league tables.