Pictured above: Richard Wilkey
Harrison Clark solicitors, which has offices in Worcester and
Cheltenham, has acted for GIL Investments on the management buyout
of the Road Transport division of Reed Business Information, part
of Reed Elsevier Group plc.
The deal was completed at the end of February with the resulting
new company, Road Transport Media Limited, aiming to be a leading
provider of information to the road transport market in the UK.
David Grove, chairman of GIL Investments, said: "We have often
found that the growth strategy of large businesses results in
smaller divisions becoming non-core and thus appropriate for
divestment. Our team, led by our investment director Richard
Banham, will give the management of Road Transport Media Limited
the autonomy and flexibility they need to succeed."
Harrison Clark's corporate team, led by corporate partner
Richard Wilkey, advised GIL Investments on the acquisition and
equity arrangements. Richard Wilkey said: "This was GIL's
first media acquisition and it was great to be able to work with
the GIL team and assist them in seeing this transaction through.
The GIL team is very strong and in working with the
management team of Road Transport Media Limited I am sure that this
will prove to be a successful partnership going forwards."
The management buyout marks a further success for Harrison
Clark's 14-strong corporate team, which announced a record first
quarter in April.
Harrison Clark provides the south Midlands' most complete
spectrum of City-quality legal services to business and private
clients in the region and beyond. The leading law firm has a total
of 181 staff and partners based in Worcester and
Cheltenham.
Harrison Clark's work in all aspects of law is nationally
recognised. As well as joining MSI Global Alliance in 2007 - one of
the world's leading international legal and accountancy
associations - in 2010 the firm was again recognised for the
national quality of its work through a listing in the prestigious
Legal 500 and Chamber and Partners lists of the major firms in
England and Wales.