BLP advises on £18.4m acquisition of Benzler-Radicon group of companies
Law firm Berwin Leighton Paisner (BLP) has advised listed Indian gearbox manufacturer Elecon Engineering Company (Elecon) on the English law aspects of its £18.4m acquisition of the Benzler-Radicon group of businesses from David Brown Gear Systems (David Brown). BLP worked in conjunction with the leading Indian law firm Desai & Diwanji.
This acquisition will see Elecon take ownership of several businesses, including in the UK the applied products division of David Brown which trades under the Radicon brand name.
BLP’s work on both complex international deals and tactical transactions is recognised in the market, with the practice consistently ranked in Chambers UK as a No. 1 legal adviser for Corporate Finance mid market M&A and AIM transactions. It regularly acts for clients on cross-border M&A transactions and has most recently advised on the English law aspects of Toyota Tsusho Corp’s acquisition of CalEnergy Gas (Australia). In doing so, it often works closely with leading independent law firms around the world, with whom it has developed strong, non-exclusive relationships as part of its distinctive preferred firms approach. The approach offers clients a seamless service as well as the flexibility to work with the best local lawyers for each transaction.
Corporate finance partner Jonathan Morris led the BLP team advising Elecon, assisted by associate Laura Patao-Caminas.
Commenting on the deal, Jonathan said: “We are delighted to have assisted Elecon on this key acquisition which will strengthen their gear box manufacturing offering. The transaction is also significant for BLP as it builds upon our extensive corporate finance experience and demonstrates our capabilities in emerging markets.
“It is also yet another example of the way in which our distinctive international approach delivers for clients, particularly in the Indian sub-continent where, because of the existing restrictions, we work with leading Indian independent firms such as Desai & Diwanji. Our experience of building strong relationships around the world means that we are exceptionally well-placed to advise our Indian clients.”
Dundas & Wilson CS LLP advised David Brown on the acquisition.
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