TLT has advised Molson Construction Equipment, the UK’s largest distributor of capital equipment, on a £6.3m investment from BGF, the most active growth investor in the world.
Headquartered in Bristol, Molson will use the investment to build a new national parts centre and additional depots across the UK.
TLT provided bespoke legal advice and services to the management team and worked with the other parties to deliver a successful and timely agreement. TLT has also recently advised Molson on its acquisition of Finlay Plant Limited and its subsidiaries.
The TLT team included partner and head of corporate John Wood, corporate associate Adam Kean and banking and restructuring partner Jon Stewart.
Jason Powles, financial director at Molson Group, says: "This investment will provide us with the opportunity to add scale to our infrastructure and offering. TLT has played an important role in our growth and we continue to value their clear and commercial advice based on a deep understanding of our business and individual needs."
John Wood, partner and head of corporate at TLT, says: "The investment by BGF shows that there is a really healthy appetite in the South West market to invest in successful businesses with strong management teams. We have built a strong corporate team at TLT with the scale and experience to support these businesses with their growth decisions and are proud of the long-term relationships we continue to develop with our clients.
"We look forward to supporting Molson with the next phase of its development."
TLT was awarded 'Corporate Law Firm of the Year' at the South West Dealmakers Awards 2018. The firm also acted on the 'Small Deal of the Year' and James Webb, associate in the corporate team, won 'Young Dealmaker of the Year'.