Law firm defies Brexit uncertainty as it advises on sixth international deal

Mark Winthorpe

The corporate team at Manchester-based Pannone Corporate has completed another pan-European deal, taking its international deal tally to six in the past few months.

The team has acted for French firm VISIATIV on its acquisition of R&D tax specialist, Jumpstart, from the founders and Business Growth Fund, following a period of expansion by the Edinburgh-based firm.

It is the second deal the team has advised VISIATIV on recently.

The team acted for the firm on its acquisition of UK software distributor, INNOVASYSTEMS.

Listed on the French stock exchange, VISIATIV is a leading partner in helping businesses go digital.

It has a turnover of €124 million and 830 staff.

The team has also advised Dutch-owned Boels Rental on its purchase of Artisan Hire Centre and its sister company Survey & Safety Equipment Hire and Sales (SAS), bringing its total number of UK tool hire depots to 38 and extending its coverage in the South West of England.

Last year Pannone Corporate advised Boels Rental on the Already Hire acquisition, to bolster its presence in London and the South East.

Elsewhere, the corporate team has recently completed deals for Spanish hazardous waste operator Tradebe on the acquisition of Knowsley-based Avanti Environmental Group – which obtained CMA clearance – French insurance broker Verlingue on its purchase of specialist broker ICB Group, and acted for the shareholders of Court Enforcement Services on the sale to JBW group, whose parent company Outsourcing Inc is listed on the Tokyo stock exchange.

Pannone Corporate partner Mark Winthorpe said: “Despite the uncertainty surrounding Brexit, these deals demonstrate the wealth of quality UK companies that continue to attract attention from businesses across the globe.

“Our expertise and reputation on advising international companies continues to grow and the number of such deals in the pipeline demonstrates that the UK remains a very attractive proposition for foreign investment no matter what macro-economic factors are prevailing.”

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