Field Fisher Waterhouse advises on international wine merchant partnership
24 September 2008
Field Fisher Waterhouse LLP has advised the
shareholders in Armit, a leading fine wine merchant, on a
partnership with Netherlands based Baarsma Wine Group.
The deal, which is backed by AAC Capital
Partners, will see Baarsma acquire 75% of the issued share capital
of Armit with the balance purchased by Chairman John Armit, CEO Ian
Ronald and other members of the senior management team.
Armit is a leading fine wine merchant with a
turnover approaching £24m. The business, which focuses on
private clients, UK hotels, restaurants and international trade
buyers, has grown strongly over the last couple of years. The
partnership with Baarsma will allow Armit to
further develop its business in the UK, Continental Europe and
the Far East, through organic growth, acquisitions and joint
ventures.
Field Fisher Waterhouse corporate partner Andrew
Blankfield led on the deal assisted by a team including
corporate solicitor Sabina Coles and tax
solicitor Mark Gearing.
Andrew Blankfield
said: “We have been advising Armit for the past year and are
pleased to have been able to work with the shareholders to secure
this partnership with Baarsma. The funds raised will allow
the company to realise its ambitious growth plans.”
Travers Smith acted for Baarsma.
For further press information please
contact:
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on 020 7861 4120