Charles Russell Speechlys advises the Morgan family and trustees on the sale of a majority stake in the Morgan Motor Company to Investindustrial
A multi-disciplinary team from Charles Russell Speechlys has advised the shareholders of Morgan Motor Company Limited on the sale of a majority stake in the company to Investindustrial, a leading European investment group. The Morgan family shareholders will continue to act as stewards of the brand and will retain a minority shareholding.
The iconic British sports car manufacturer was founded in 1909, hand-building premium sports cars with a classic design. The brand is a symbol of quintessential British craftsmanship, elegance, performance and design. The company sells around 700 cars per year from a portfolio of unique car designs.
Investindustrial will support Morgan to accelerate new product development, following the launch of the new Plus Six at the Geneva Motor show. Morgan adds to its prominence in the automotive industry, following investments into Aston Martin and Ducati.
Lawrence Price, Managing Director of Rockworth Management Partners, corporate finance adviser to the Morgan family, commented: “Having very carefully considered all the options for the future success of Morgan, the family concluded that this new ownership structure, and the expertise of Investindustrial, combines the pedigree and resources to secure the long-term future of Morgan. It was important for the family to retain a shareholding, and we are delighted that our loyal management team and workforce will now also have a share in the business going forward. The team at Charles Russell Speechlys were a great support to us in offering a full service of legal advice, helping us to strategically navigate through the complexities of the deal”.
Corporate partners Mark Howard and Adam Crossley who co-led the deal commented “we were delighted to advise Lawrence, the trustees and the other Morgan family shareholders on this transaction. Family-owned businesses are a key focus for the firm, where we are able to field a multi-disciplinary team of experts across Corporate, Private Wealth, Commercial, IP, Real Estate, Employment and Regulatory. This conjunction of full service private client and business capabilities is something that few law firms are able to provide.”
Charles Russell Speechlys previously advised the owners of British luxury furniture brand OKA on the sale of the company to Investindustrial in January 2018.
The team at Charles Russell Speechlys also included: associates Laura Melody, Ashwin Pillay and trainee Nouf Mattar (Corporate), senior associate Helen Coward and associate Elliot Michaelson (Tax), senior associate James Austen and associate Alice Mason (Private Client), associate Caroline Young (Commercial), partner Sarah Morley, associate Tom Sharman and trainee Molly Mosely (Real Estate), associate Syma Spanjers (Employment), partners Noel Wardle, Steve Burns and associate Tom Plowman (Regulatory and Dispute Resolution), and partner Ludovic de Walden (Arts).
Funding for Inheritance Act 1975 claims: Success (fee) or gamble?
Samantha takes a look at funding for Inheritance Act 1975 claims
Insolvencies and rising prices: the energy retail market in flux
Hanh and Sara take a look at the energy market
China’s Personal Information Protection Law – keeping up with the Joneses or increased cyber-security?
Up until recently, China’s data protection rules could be found through a number of laws and guidelines
Charles Russell Speechlys successfully advises the Joint Liquidators of LB GP No.1 Ltd in Lehman Brothers litigation before the Court of Appeal
LBGP is a company within the Lehman Brothers Group, whose purpose was to raise regulatory capital for parts of the Group.
Claire Fallows and James Souter write for Estates Gazette on the findings from the Firm’s Skyscraper vs Groundscraper report
Skyscraper vs Groundscraper looks at how and why our building typologies arise and the associated legal issues.
Charles Russell Speechlys welcomes David Collins as new Divisional Managing Partner
The firm announces the appointment of David Collins as new Divisional Managing Partner for Business Advisory & Transaction Services.
Court of Appeal reviews key principles to consider when making a non-party costs order
Charles Russell Speechlys advises shareholders of eCommonSense on sale to ECI Software Solutions
eCommonSense is a technology solutions provider focused on the construction and building materials supply sectors.
Resilience vs. Recovery - How the Facebook outage highlights important lessons
The recent Facebook outage disrupted all of its key global platforms, including Instagram and WhatsApp.
Examining the draft RPDT legislation
Helen Coward considers the important aspects of the draft legislation for the new residential property developer tax.
Simon Green featured in Asian Legal Business' Managing Partner Roundtable
Asian Legal Business interviewed Simon Green in relation to our current strategy for the Hong Kong office.
Property Patter: Dealing with Sporting Rights over Land
Sporting rights can cause issues particularly if they are granted over land which may be developed in the future.
Charles Russell Speechlys wins best Legal Services: Private Equity at the Africa Global Funds Awards 2021
We are delighted to announce we have been awarded the Legal Services: Private Equity award at the AGF Service Providers Awards 2021.
Caroline Greenwell quoted by Food Navigator on how organisations can avoid the greenwashing trap
New reviews on misleading claims in early 2022 will pressure companies to provide concrete evidence of their sustainability credentials.
Charles Russell Speechlys advises Silbury Finance on a £55m facility to a Jersey unit trust
Silbury provides real estate development finance for professional developers seeking to acquire and build in the UK.
Charles Russell Speechlys takes home the Asia Pacific Private Client Team of the Year award at the Chambers High Net Worth Awards
We are delighted to announce that we have been named Asia Pacific Private Client Team of the Year at the Chambers High Net Worth Awards
Charles Russell Speechlys acts for Cmostores Group Limited on its acquisition of JTM Plumbing Limited
CMO Group Plc, UK’s largest pureplay online retailer of building materials which recently listed on AIM.
Professional Indemnity Insurance – market conditions for consultants
The insurance market has become increasingly contracted in the construction sector.
William Marriott quoted by The Daily Telegraph on Land Registry delays
Property buyers flood the Land Registry with complaints after delays leave movers frustrated.
Helen Coward writes for Tax Journal on the draft legislation for the new residential property developer tax
The government published draft legislation for the new residential property developer tax on 20 September 2021.