WBD has advised national kitchen retailer ProCook on its acquisition of the majority of the stores of Steamer Trading.
ProCook rescued 27 Steamer Trading stores from administration, with over 300 jobs saved.
A multidisciplinary WBD team advised on the transaction, with the firm providing counsel on a range of legal issues including restructuring, employment, intellectual property, tax, real estate and data. The deal was led by partner and head of the London restructuring team Tom Pringle and solicitor Harry Rose.
Tom Pringle commented:
"We're delighted to have advised ProCook on this high profile transaction. Our understanding of the retail sector, as well as our strong ability to provide full service legal advice, meant we were able to provide the best possible outcome for the client. We are particularly pleased that so many jobs have been saved."
This is a very exciting development for ProCook and we look forward to continue working with them as the company pursues its growth strategy."
Daniel O’Neill, owner of ProCook, added:
"We're very grateful for the work put in by Tom and the whole team at WBD whose experience and advice played an important role in helping us achieve a successful acquisition."