Hawkins Hatton helpsTHL seal deal to expand
MIDLAND lawyers Hawkins Hatton have helped steel stockholder specialists Taurani Holdings Group (THL) acquire ParkerSteel as part of a major expansion.
THL’s flagship company Brisko Metal Resources provides steel supply for UK and global buyers, clients and customers.
It recently took over ParkerSteel, whose existing business within the UK means the group can now supply a wide variety of steel and aluminium products to industries across the south of England.
ParkerSteel built its reputation on high quality steel designed to suit the needs of various manufacturing and construction industries.
Brisko managing director Lalit Premchandani said: “With the combination of the two businesses now working together as one, we will be a formidable presence within the steel industry, able to meet customer’s expectations and requirements for steel processing services with tight deadlines.”
Colin Rodrigues, corporate partner at Hawkins Hatton Corporate Lawyers, said that it was a particularly difficult deal, given the size of the transaction, the number of locations through which the firms operate and the very short window within which the deal had to be completed.
He said: “As with everything, provided that a logical approach is taken, difficulties can be overcome and a swift completion was achieved.”
Ed Thompson, from Lancaster Haskins, who provided corporate finance advice to THL, said: “Every deal has its unique attributes and this one was no exception. However, working as a team, we have managed to achieve the outcome that everybody was looking for.”