Hugh James advises Rapala on £5.3 million acquisition
09 I 09 I 10
Leading Welsh law firm Hugh James
has advised Finnish listed company Rapala on its £5.3 million
acquisition of fishing bait company Dynamite Baits.
Rapala is a leading
global fishing tackle company employing more than 2,000 people in
32 countries.
Founded some 15 years
ago, Dynamite manufactures and sells a wide range of baits in
particular for carp fishing under its main brand Dynamite Baits and
a few other brands. Dynamite is a market leader in premium carp
baits in the UK and it has a good market share of the premium carp
and groundbait market in a few other European countries. In 2009,
the net sales of Dynamite were £6.5 million.
The team at Hugh James
was led by senior associate and corporate lawyer Greg Williams who
co-ordinated a team of employment, commercial and property
lawyers.
Olli Aho, Company Counsel
for Rapala, was pleased with Hugh James’ contribution to the
deal:
"Hugh James did an
outstanding job of preparing and advising on some 30 + agreements
in the many disciplines of our corporate acquisition. I was
particularly impressed with their communication and the quality of
their work. Greg Williams and his colleagues at Hugh James were
truly first class and I happily recommend them."
Speaking about the deal
Greg Williams said:
“We are delighted to have
advised Rapala on this strategically important transaction. There
was a challenging timescale for completing the acquisition and our
team at Hugh James worked very closely with Rapala to ensure a
swift and successful conclusion.”
In recent years Hugh
James has developed a number of a number of relationships with
Nordic/Scandinavian companies including a strategic partnership for
cross jurisdictional matters with leading Finnish and Swedish law
firm Roschier.