Howes Percival has acted for Cadman Capital Group, a private equity firm, on two acquisitions for the Group’s sports shooting and country wear division.
The firm worked with The Cadman Capital Group to successfully complete the acquisitions of Coates and Morgan Limited and Barby Sporting Limited and, to secure the long-term real estate interests of the businesses.
Coates and Morgan Limited, owners of the Northampton Gun Co. and the Gun Shop Rugby, is a long and well-established retailer of firearms, ammunition and country wear. Barby Sporting Limited is the owner and operator of the Barby Sporting Clay Shooting Ground and the Barby Sporting Restaurant, situated south of Rugby, in the West Midlands.
The Howes Percival team was led by Miles Barnes (corporate) and was supported by Lucy Lord and Aimee Knight (commercial property), Graham Irons (employment) and Rob Starr (regulatory).
Commenting on the deal, Miles Barnes, corporate solicitor at Howes Percival said, “We are delighted to have advised Cadman Capital in relation to these transactions, which see the company increase its market share in the UK sports shooting and country wear markets.
“2019 has been an incredibly busy year for our corporate team, with merger and acquisition activity continuing to be very strong and confidence high. We’re seeing proactive firms such as the Cadman Capital Group continuing to look for attractive, well run UK businesses to invest in and this is reflected in the number and quality of transactions we’ve done this year and those we have in the pipeline for 2020.
“These deals demonstrate Howes Percival’s particular expertise in the leisure and tourism sector, which remains a significant part of the UK economy.”