Hat-trick of major deals for Osborne Clarke’s Bristol office gives its teams a busy summer

September 3, 2024
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The Bristol office of international law firm Osborne Clarke has completed three transactions in sectors spanning specialist retail, artificial intelligence (AI) and anaerobic digestion as continues to rack up a raft of deals.

Over the past month its teams have advised retailer Tiles4Less on its acquisition of CTD Tiles out of administration, and HH Global, the global leader in responsible marketing activation services, on its takeover of a marketing technology and AI firm. 

Its lawyers also worked with JLEN, the listed environmental infrastructure fund, on its sale of 51% of a portfolio of six gas-to-grid anaerobic digestion (AD) facilities.

The deal involving Tiles4Less, a subsidiary of Leicester-headquartered Topps Tiles, included the CTD Tiles brands, 30 stores, selected stock and all related intellectual property. It will preserve more than 100 jobs at Birmingham-based CTD.

The Osborne Clarke team, which worked with joint administrators, James Lumb and Will Wright of Interpath, was led by restructuring partner Douglas Hawthorn and included
real estate partner David North, along with senior associate Joe Blackburn.

Also involved were Vaidehi Naik (restructuring), Lara Fatemi and Siobhan Murphy (employment), Oliver Woods (corporate), Richard May and Leanne Gulliver (intellectual property), and Jonathan McDonald (data/privacy).

Scots law advice was provided by Michael Thomson, Riccardo Alonzi and James Jack of Burness Paull and Addleshaw Goddard acted for CTD and its administrators.

The deal is the latest in the retail sector for Osborne Clarke’s restructuring group, which has also advised on matters relating to retailers Ted Baker, Wiggle, Planet Organic, The British Corner Shop, In-Time, Peacocks, Bonmarché, Laura Ashley, Oasis/Warehouse, Matches and The Vampire’s Wife.

Surrey-headquartered HH Global’s acquisition of Northell Partners will enable it to accelerate its ongoing adoption of AI and machine learning for its clients and across its own business.

The increased efficiencies of London-based Northell’s AI technology will provide advanced opportunities for HH Global’s new and existing clients to generate deeper insights, improve efficiencies in marketing activation and accelerate time to market across all categories and regions.

The Osborne Clarke team on the deal was led by corporate partner David Ferris and included Olivier Jacquelin and Emily Greatrix, with additional support provided by Helena Zaba (tax) and Marc Shrimpling (regulatory – National Security and Investment Act).

The team advising London-headquartered JLEN on its £68.1m anaerobic digestion (AD) disposal to Future Biogas was led by corporate partner Chris Yeo and senior associate Hannah Stevens.

They were supported by partners Erika Jupe and Tracey Wright and senior associate Helena Zaba on tax. Partner Duncan Parker and trainee Madeleine Begg advised on construction elements.

The deal provides a greater alignment of interests between JLEN and Surrey-based Future Biogas, creating the potential for further asset enhancements and life extensions beyond the current Renewable Heat Incentive (RHI) subsidy.

JLEN will continue to own 49% of the AD portfolio, which has a combined generating capacity of 38MW, as well as its interests in three further AD assets which were not part of the agreement.

Osborne Clarke, which employs around 800 people in Bristol, also has offices in London, Reading and across Europe and in China, Singapore and the US, where it has bases in Silicon Valley, San Francisco and New York.

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