Warners Company Commercial team has assisted Abacus Lawrence Group Limited in the purchase of the entire share capital of Playtop Limited for an undisclosed sum.
The Playtop product is a market leading playground safety surface and is an internationally recognised brand. The acquisition consolidates the group’s existing strength in the safety surface installation market.
The Warners team was led by Jonathan Roberts who was assisted by Russell Brinkhurst; Elizabeth Dolding dealt with the commercial property matters.
Jonathan commented: “We were pleased to assist Abacus with this acquisition. In addition to the usual acquisition documentation, the deal called upon a number of other areas of our expertise, including intellectual property licencing and competition law. The selling group was also involved in a fairly intricate re-organisation shortly prior to completion which certainly added to the complexity of the deal.”
“We have worked with Warners on a number of occasions and were impressed with their ability to handle all the various legal issues that arose with this deal.” Geoff Rodwell, Managing Director of Abacus Lawrence Group Limited