Hammonds engineers £139m RBI transaction
Legal Week reports
November 01, 2006 at 07:03 PM
2 minute read
Hammonds' Birmingham office has sealed one of its largest transactional mandates in recent years after advising Royal Bank Investments (RBI) on its £139m sale of Midlands engineering products giant Wyko to Dutch rival Eriks Group.
The national firm landed the instruction for RBI, the private equity division of the Royal Bank of Scotland, after winning out in a competitive tender process earlier this year that also saw rival bids from a handful of major City firms.
The deal, which signed last month, sees Dutch industrial group Eriks take on Wyko, the UK's largest engineering parts supplier. The buy-out is expected to complete before the end of the year.
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