Thursday, 22 June 2006

Business deals success

A Telford law firm is developing a growing reputation for handling high profile international deals.

Martin-Kaye Solicitors, of Euston Way, has a specialist team of commercial lawyers who have seen a massive increase in business over the past 12 months.

Stuart Haynes, who leads the team, said: “It has been an extremely busy year for us as we have dealt with an unusually high number of business acquisitions, all with international connections.

“The increase in business is a direct result of the reputation we are building for our high quality services, and our specialised knowledge.”

The firm has worked closely with other lawyers and professional advisers across the world to secure the deals, and is also a founder member of the Integrated Advisory Group (IAG) International organisation - a business networking group with worldwide membership.

Martin-Kaye’s latest deals have included the Busch Group acquisition of Graham Vacuum Technology, of Congleton. The international vacuum pump manufacturer has more than 1700 employees working in 43 manufacturing and operations facilities across the world, including one in Telford.

“We acted for Busch, and worked closely with the company to ensure the deal progressed as quickly and efficiently as possible.

“The commitment shown by our team during a highly pressurised and crucial time was second to none,” said Stuart.

Martin-Kaye Solicitors also helped to secure a multi-million pound deal involving Copperweld Inc, which has a bimetallics plant in Telford.

“Copperweld was acquired by Atlas Tubes, which is based in America, in a deal worth over $350 million, and we worked closely with legal teams from Detroit, Toronto and Chicago to ensure it went ahead.”

Another key deal which the firm was involved in was the merger of a UK distributor and its Canadian parent manufacturing company, and the team has recently completed joint ventures in India and Singapore. Negotiations are also ongoing over more deals in Singapore, as well as in China, Poland and the USA.

“It is clear that our reputation for handling international matters is growing, and we believe our experience means we can offer international legal advice that sets us apart from our competitors.”