The Wilkes Corporate Team, led by Rick Smyth, have advised serial entrepreneur, David Walley on his latest acquisition of leading UK events business Star Events from multi-billion pound turnover services giants, Altrad.
This latest deal resulted in the merger of four businesses to create Star Events Group. With the merger with its existing businesses, Mobile Promotions, BluePeg and Beautiful Minds.
Star Events has been supplying equipment and services to the events industry for 40 years. They have designed and delivered stages, structures, seating and rigging for some of the world’s most high-profile events including British Summer Time Hyde Park, Download Festival, Adele, The Spice Girls, Royal Windsor Horse Show and the visit of Pope Benedict XVI.
Commenting on the acquisition, David Walley said: “Star is one of the great names of the UK events industry. They have an inspiring legacy and are both trusted and innovative. We are looking forward to integrating them into the business and adding value to all of our clients.
When asked about his experience of working with Wilkes David said: “This is the fourth acquisition that Rick and the team have worked on with us. As always, they offered clear, pragmatic advice which really takes the burden off what can at times be a complex situation and we were delighted to be working with them again. Myself and the team were also particularly impressed with how Rick and the team dealt with an organisation as large as Altrad. We look forward to working with them on our future acquisitions!”
Rick Smyth, Partner in the Wilkes Corporate Team said: “We were delighted to work with David and his team again and to be part of building the Star Events Group. We were able to draw on our international network, with our colleagues in Shanghai advising on the acquisition of the Star Event’s Chinese subsidiary as part of the deal. The new group is an exciting new offering for the UK entertainments industry. We are looking forward to working with the team again as they continue their drive to develop the group into a market leader.”
Rick Smyth, Jeremy Parkin and Lucy Freeman in the Corporate team lead the deal with support from, Leighann Richard (Real Estate), Owen Shave (Corporate) and Elisabeth Conner (International). Wilkes were supported in China by BURKARDT & PARTNER Shanghai.
This is the latest in a growing line of M&A work for The Wilkes Partnership, following the completion of deals across a range of sectors including IT software, FMCG, events and health and social care.
For help and advice relating to your business get in touch with Rick Smyth on 0121 710 5932 or via email at [email protected].