Womble Bond Dickinson (WBD) has advised Nestware Holdings Limited, the holding company of the UK's largest retailer of carpets, flooring and beds Carpetright and part of the Meditor Group, on its acquisition of Carpet & Flooring (Trading) Limited, one of the UK’s largest distributors of floor covering products and accessories.
The WBD team advising Nestware was led by partner Simon Watts, managing associate Stacey Hall and associate David Ridley who provided corporate expertise. This is the latest in a series of transactions on which the team have acted for Nestware, with the firm also advising on the acquisitions of Keswick Flooring and Flooring Megastore and Contemporary Trade Flooring over the past six months.
Simon Watts of WBD commented:
"Carpet & Flooring is an exciting new addition to Nestware's portfolio and will expand the business' reach into the business-to-business markets. This is the third acquisition in the space of only six months for Nestware and we're thrilled to have acted on all of them, supporting our client's ambitious growth plans through our unrivalled corporate expertise and deep retail sector knowledge."
Patrick Stirling-Howe, CFO of Nestware said:
“We'd like to extend our thanks to the whole WBD team who, in the space of only a few months, have become key enablers of our growth strategy, providing commercially focused advice and showing strong negotiating skills."
Ranking in the UK's top 20 law firms, WBD supports clients with their regional, national and international growth strategies. The firm has a large corporate practice in the UK advising clients on a broad range of corporate transactions, particularly M&As, IPOs, MBOs joint ventures, private equity investments as well as growth and development capital fundraisings.
WBD's Retail & Consumer sector team advises many of the world's best-known consumer brands and retailers across a full range of national and international legal issues. Clients in the UK include Kingfisher Group, Colgate-Palmolive, Whitbread (Costa Coffee), Post Office, Specsavers and New Look. In the US, clients include Krispy Kreme Doughnuts, Inc., Reynolds American, Inc., Companies, Inc., and Hanesbrands Inc..