Leading law firm Howes Percival has acted for Corby-based private equity investor Nene Capital on its acquisition of Woodland Corporate Interiors.
The deal is the first acquisition of 2023 for Nene’s long hold portfolio, on which Howes Percival have been advising the client since its formation.
Based in Harlow, Essex, Woodland Corporate Interiors (WCI) is a long established and highly regarded, lead contractor undertaking specialist corporate interior work for large institutional landlords in Greater London and the Home Counties, from office refit and light industrial work to education and luxury homes.
The existing WCI management team will remain in place for the foreseeable future, as part of a structured handover, and it is Nene Capital’s aspiration to continue to support and grow the business from its robust foundation.
Howes Percival advised on all aspects of the transaction, including due diligence, the negotiation of the key transaction documents and advice on key areas such as financing, employment and real estate issues.
The Howes Percival team was headed up by Miles Barnes (corporate & commercial), with help from Owen Franks (real estate), Sobia Ahmad (employment), Robert Starr and Donna-Marie Helgeson (regulatory) and Stephen Ruse (intellectual property and IT).
Miles Barnes said:
“We are absolutely delighted to be able to advise Nene Capital on this transaction. Having worked with the Nene Capital team on this portfolio since its inception it’s been great to see the growth they’ve achieved so far and we look forward to working with them again as they continue with their acquisition strategy.
“Our Corporate, Commercial and Banking team has had an exceptionally busy start to 2023, advising clients on a whole host of matters including a significant number of complex M&A transactions. Over the past 12 months we have seen a significant increase in instructions on strategic acquisition work, including for private equity investors and their portfolio companies. This is testament to the high-quality expertise our team can offer and our considerable experience advising on these complex transactions.
“Despite well documented concerns about the current economic climate, we continue to see significant M&A activity with both established trade buyers and investors remaining keen to deploy capital to buy established, successful and profitable businesses.”