The French-headquartered Sicame Group, a leading designer and manufacturer of electricity transmission and distribution network equipment, has acquired Boddingtons, a UK-based supplier of insulated tools.
The transaction is intended to support the development of Sicame Group, which employs over 3,000 people worldwide. The firm plans to increase its production and development of insulated tools and respond more efficiently to growing product demand around in the 150 countries to which it distributes. Boddingtons will also be able to broaden its product offering to Sicame’s international client network.
Holmes & Hills Solicitors’ Corporate & Commercial Team represented the shareholders of Boddingtons regarding their negotiations, the legal due diligence process and the drafting of extensive transactional documents. The team was led by senior solicitor Natalie Stoter, who also advised Boddingtons’ shareholders in relation to commercial property and employment matters.
The Holmes & Hills Corporate & Commercial Team worked closely with Forward Corporate Finance, the lead corporate finance advisors on the deal. Browne Jacobson also advised on the transaction.
