gdb Member - PDT Solicitors' Current Business News
Published: 01 May 2019
- PDT advises KAMIC Group on the acquisition of Distec Limited
PDT’s Corporate team has advised KAMIC Group AB on its acquisition of Distec Limited.
Swedish based KAMIC Group AB (KAMIC) is a corporate group consisting of more than 20 companies active in trade, product development and manufacturing and is present in 12 countries throughout Northern Europe, Asia and the USA. The acquisition of Distec Limited builds upon the presence of the KAMIC within the UK.
Founded in 1992, Manchester-based Distec Limited (Distec) has built an enviable reputation in its niche arena of specialist signage products. It provides technological solutions to blue chip customers in the industrial, medical and digital sectors (among others) across the UK and Ireland. Distec differentiates itself with a collaborative approach that allows customers to take products on loan, test them in real life environments and ensure they are appropriate for the customer’s application. Distec’s diverse range of products includes touch screen monitors, medical computers, digital signage and mounting solutions.
Andrew Hoad, Corporate Partner at PDT commented “Following on from the recent acquisition of SIGA Electronics, PDT were delighted to be able to assist KAMIC once again, and we wish them every success in taking the business forward.”.
Rosie Haines, who led the PDT team, said “It was a pleasure to work with Petra and the whole team at KAMIC on this occasion. The acquisition futher expands KAMIC’s presence in the UK technology industry. We are confident that Distec will grow from strength to strength with KAMIC’s input.”
The PDT team comprised partner Andrew Hoad (Corporate) and associate Rosie Haines (Corporate).
PDT Solicitors advises Sunley on the disposal of student acccomodation investment
Sunley built and developed the purpose built student accommodation at the heart of West London’s thriving university heartland.
The development which also included retail units let to Tesco, Pret a Manger and Caffé Nero was constructed by Sunley in 2011 following a successful planning application, has proved to be a significant income producing asset, and represents a significant move in the student accommodation space. The sale at above £22m demonstrated the continued strength in this sector.
James Clewlow at PDT commented “We worked with Sunley from the beginning of the development and were pleased that the final disposal was concluded smoothly with a sensible, practical approach from CMS Lawyers acting for the buyer and from Dentons acting for existing funders.”