Dual qualified Solicitor and German Rechtsanwältin with The Wilkes Partnership’s Corporate Team, Elisabeth Conner, has advised the uvex sports group on an international deal to secure 75% 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 complementary products to extend its offering.
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.
Commenting on another successful deal completion by his team, 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.”
Gareth went on to say “I was also very pleased to see that Leighann Richards of 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 Höfler 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.”
If you are involved in, or planning, a transaction that will cross international borders, contact Elisabeth Conner in The Wilkes Partnership’s Corporate Team on 0121 710 5897 or at [email protected]. Elisabeth was supported in this transaction by Owen Shave, a Solicitor in the same team, and Leighann Richards, Associate Solicitor in their Real Estate Team.