TLT has advised on the multi-million pound acquisition of The Woods Group, a specialist fundraising services provider to the charity sector, headquartered in Chippenham.
The complex acquisition involved funding from a new team of investors led by serial entrepreneur Nick Baker, as well as a management buyout led by MD Ian Scarr and new funding from Santander.
The TLT team was led by corporate partner, Andrew Webber and comprised of individuals from various teams across the firm including commercial, corporate banking, employment and tax.
Andrew Webber says, "We are delighted to have advised on this acquisition which marks a significant step for a market leading and fast-growing business. The new investment and the introduction of Nick Baker and John Lowndes with their experience, will help the management team build on their core business and achieve their ambitious growth plans."
Nick Baker adds, “Rarely does the opportunity come along to support such an outstanding team; who have developed The Woods Group, into the excellent business it is today. We are delighted to have invested in the long term future of this industry leading business.”
TLT's Corporate team have a long-standing relationship with entrepreneur Nick Baker, former owner of Sharp's Brewery. Three years ago the team advised the shareholders of Sharp's Brewery Ltd on its sale to leading global brewer Molson Coors Brewing Company (UK) Ltd for £20 million.