Charles Russell Speechlys advises Trifast plc on acquisition of Precision Technology Supplies Ltd
Charles Russell Speechlys advised long-standing client Trifast plc (main market listed) on its acquisition of Precision Technology Supplies Limited, a key supplier and distributor of stainless steel fastenings in the UK.
The transaction involved an upfront cash payment, followed in due course by a further cash payment based on the performance of the business.
The cash amounts were provided under Trifast’s Accordion banking facility with HSBC.
The team at Charles Russell Speechlys consisted of Richard Norton and Rebecca Brown (Corporate), Naomi Nettleton (Real Estate), Kelly Evans (Employment) and Martin Griffiths and Andrew Priestley (Tax). For further information on the deal, please see the Financial Times coverage here.
News & Insights
Public Company update - November 2018
Welcome to the November edition of our biannual Public Company Update.
Governance within FCA regulated firms
We highlight the impact that the FCA’s approach to culture and governance has in our work on governance with our regulated clients
Entrepreneurs’ relief: Relief for gains arising before a dilution event
Helen Coward picks out key highlights from the draft legislation for the 18/19 Finance Bill on changes to Entrepreneurs’ Relief