Wilkes advise on major international deal
A member of The Wilkes Partnership 's corporate team has advised the uvex sports group on an international deal to secure 75 per cent of the share capital of bicycle and outdoor security supplier HIPLOK.
The uvex sports group, which specialises in helmets and eyewear for skiing, cycling and riding enthusiasts, was keen to strengthen its position in those markets by acquiring an established supplier of complimentary products to extend its offering.
The deal was advised by double qualified solicitor and German Rechtsanw�ltin with Elisabeth Conner (pictured).
Elisabeth said of working with the uvex sports group: “The transaction presented the challenges you would expect of an international deal but the uvex sports group and Hiplok teams were fully prepared and helped us to deliver an outcome that satisfied both parties. ”
Both uvex sports group, based in Germany, and Hiplok, based in the UK, have a global trading presence.
The acquisition will allow Hiplok to accelerate its growth plans by making use of the uvex sports group 's distribution network and existing organisational structure its new strategic partner already has in place.
Gareth O 'Hara, senior partner in the corporate team at The Wilkes Partnership, said: “International and cross-border matters are Elisabeth 's speciality. Her unique skillset and experience in European, especially German, matters meant that the uvex sports group had an expert in their corner who could guide the transaction to a timely and satisfactory conclusion.
“I was also very pleased to see that Leighann Richards our Real Estate Team provided support regarding property matters that arose on the deal.
“Again, this has demonstrated the naturally collaborative approach to advising clients that is part of Wilkes ' DNA. ”
Speaking on behalf of the uvex group, Georg H�fler said “This transaction will expand the uvex group 's portfolio of brands. Hiplok 's products and their reputation for quality aligns closely with our own; we are looking forward to the new opportunities this deal will afford for both parties. ”