Cross-office Gateley team advises on One51’s acquisition of Straight
A cross-office team from Gateley has advised on a deal that saw Dublin-based One51, an investment company with expertise in environmental services, renewable energy and injection moulding plastics, acquire Straight, a Yorkshire-based supplier of waste and recycling solutions, for £10.7m.
Founded in 1993 and floated on AIM in 2003, Straight manufactures waste and recycling containers for customers including local authorities, purchasing and recycling organisations and utilities. Straight also works with private waste management companies, corporate businesses, facilities management companies, the healthcare sector and educational facilities.
The transaction was effected by way of a scheme of arrangements. The Gateley advisory team included Leeds-based corporate partner Nick Emmerson, Birmingham-based corporate partner Paul Cliff, commerce, technology and media partner Andrew Evans and corporate associate Tom Rush.
As a result of the acquisition, Straight has been delisted from AIM and will be integrated into One51’s plastics division.
News from Gateley
News from The Lawyer
Briefings from Gateley
The fact that a business is thriving may also sometimes surprisingly lead to an employee being dismissed on grounds of redundancy.
Who is knocking at the door? HSE construction inspectors targeting poor standards and unsafe practices
We are now one week into the HSE’s Safer Sites inspection initiative. Inspectors are arriving unannounced at sites across the UK where refurbishment projects or repair works are under way.
Analysis from The Lawyer
The Law Society recently published guidance to assist solicitors draw up Shariah-compliant wills, causing outrage in some quarters. Gateley’s Haroon Rashid explains the facts.