07 November 2014
Greetings card giant Simon Elvin brings sister company into its group
Full service law firm, B P Collins LLP acts for long-standing client Simon Elvin on transfer of shares in sister company, Nigel Quiney Publications Limited
Thames Valley based law firm, B P Collins LLP has recently acted for Buckinghamshire based Simon Elvin Holdings Limited (SEH), advising on a share exchange between SEH and sister company, Nigel Quiney Publications Limited (NQP). This was carried out in order to make NQP a subsidiary of SEH, bringing both companies into the same group.
The transaction took place following a larger restructuring process in relation to which B P Collins advised the Simon Elvin group back in 2011, at which time SEH was formed as the group's holding company, and several other companies were brought into the group as subsidiaries of SEH.
The transaction team, led by Victoria Holland, Partner, Corporate and Commercial, B P Collins LLP, involved a share for share exchange between the two companies with no cash consideration payable. Victoria’s expertise in the retail sector was invaluable during the restructuring process.
Holland, commented: “We have acted for many years on behalf of Simon Elvin's companies, giving both commercial and contractual advice. We are delighted that we have been able to assist again and, as advocates for business in Buckinghamshire, we love to see local businesses thrive.”
Grant Thornton provided tax and accounting advice throughout the transaction.