In Brief: Gent Visick; Gordons; Mills & Reeve
PROPERTY specialist Gent Visick has been appointed by London-based Orchard Street Investment Management as agents for one the largest single-owned industrial estates in Yorkshire.
Located at Junction 27 of the M62, Gildersome Spur comprises 470,000 sq ft of industrial and warehouse accommodation on a 25 acre site. Individual units on the site range in size from 5,000 sq ft to 50,000 sq ft.
Gildersome Spur is home to a diverse mix of commercial businesses including the Home Delivery Network, EE, CM Downton and Neovia Logistics.
Paul Mack, director at Gent Visick said: “This is a major new instruction for Gent Visick and perfectly suited to our agency expertise and experience. We’re delighted to be working with Orchard Street on this prime industrial estate.
“Gildersome Spur is a well-established industrial and distribution estate offering a perfect balance of both industrial and warehousing accommodation, all positioned in an actively managed and attractive landscaped environment with onsite security.”
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YORKSHIRE law firm Gordons has advised the management of pet food manufacturer MPM Products in connection with the sale of a majority stake to private equity firm ECI for around £50m.
The firm’s head of corporate, partner James Fawcett, worked with the senior management team at the Macclesfield-based company, which makes pet food brands Applaws and Encore, to secure the deal.
MPM Products is expected to have a turnover of £50m this year. The company’s revenues have been growing by around 25% a year over the last few years as pet owners seek better quality, natural food for their dogs and cats. MPM Products has a strong and growing international business across 33 countries, with 60% of its products sold overseas.
It was set up by Roger Wood, Roger Coleman and Jon Kinsey in 2002 and they will continue to hold a minority stake in the business. The MPM Products senior management team, headed by chief executive Julian Bambridge and chief financial officer James Bracewell, will still lead the business, in partnership with ECI.
Mr Fawcett said: “MPM Products is a very well run business with a distinct premium proposition within the pet food market. This deal will enable further international expansion based on the excellence of the company’s product range and the strategic vision of Julian and James. We have every confidence that the business will continue to go from strength-to-strength.”
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THE insurance team at law firm Mills & Reeve has been shortlisted for the ‘Promoting the Profession’ award in the Chartered Insurance Institute’s (CII) Public Interest Awards.
The awards recognise the individuals, teams and organisations that do the most to educate, inform and benefit buyers of personal and commercial insurance in the UK.
The team has been shortlisted for its risk management training provided to brokers across the country in conjunction with local branches of the CII. The workshops are designed to help raise professional standards, reduce risk and retain clients.
The winners will be announced at a ceremony in April.
Neil Howes, partner at the Leeds office of Mills & Reeve, said: “We are delighted to be shortlisted for our work helping brokers raise industry standards and provide a first-class service to their clients.”
