Mills & Reeve advises PNC on management buyout of Virgin Wines
Mills & Reeve has advised PNC Business Credit on the provision of an asset-based lending facility to support the £15.9m management buyout of wine retailer Virgin Wines.
PNC’s asset-based lending facility was complemented by debt and equity packages from both Mobeus Equity Partners and Connection Capital to support the management team of Virgin Wines to acquire the £35m-turnover business from Direct Wines.
The Mills & Reeve team was led by finance partner Zak Virgin.
News from Mills & Reeve
News from The Lawyer
Briefings from Mills & Reeve
There is a widespread belief in the concept of ‘common law marriage’, which couples think will protect them when they buy property together. This is incorrect.
Mills & Reeve offers top tips for those looking to move or get their foot on the housing ladder.
Analysis from The Lawyer
The trend for unbundling legal work is advancing through the law firm ranks but there is still resistance in some quarters - namely in-house. We asked why