TLT has advised Molson Group, the UK’s largest independent distributor of capital equipment to the construction and waste management sectors, on an £11m investment to support the growth of its business.
The TLT team was led by corporate partner Jon Gill, with support from solicitor Nicole Spurling and trainee solicitor Jessie Cockhill. Tax advice was provided by legal director Mark Braude, while specialist share incentives advice was provided by partner Ben Watson and associate Lucy Hedges. Banking input was also provided by legal director Richard Clark.
TLT also advised Molson in 2018 on BGF’s previous investment of £6.3m, which was used to accelerate growth and fund their acquisition strategy.
Jason Powles, CFO of Molson, commented: “We have ambitious plans for the future, and are delighted to have the funding and support of BGF which has helped us accelerate our growth and hit some significant milestones over the last 12 months.
“TLT have a deep understanding of our business and Jon and the team provided fantastic commercial advice throughout the deal.”
TLT partner Jon Gill says: “Molson is a great example of a business founded in the South West that has grown to become the leading national operator in its sector. We were delighted to support the Molson team on this significant transaction.
“This investment demonstrates the continued strength and activity of the private equity market, and the confidence of equity investors in this consolidating sector.
“We look forward to working with both Molson and BGF again in the future as they continue their successful partnership.”