Howes Percival’s dedicated automotive sector team has acted for Harwoods Limited on the sale of its Jaguar Land Rover (JLR) franchises and Volvo, BMW & MINI authorised repairer operations to Dubai based DXB Auto Investments Limited.
West Sussex based Harwoods manages a range of luxury dealerships and the transaction represents a strategic transfer and part of a broader corporate strategy to resize and reposition its business.
Led by Legal Director, Shital Odedra, the Howes Percival team advised on all aspects of the complex, cross border transaction alongside corporate Partner Tom Redman and lawyers Ben Hancox, Bradley Johnson, Ryan McGuiness and Olivia Robinson, with Faye Meredith providing banking support. Marcus Carter, Charlotte Harrison, Sarah Levett and Georgina McDonald looking after property, while employment law was handled by Hannah Pryce.
Commercial, IP and IT was managed by Chris White and Zara Khan, while Robert Starr provided regulatory expertise, with Victoria Reeves and Piet Van Gelder completing the Howes Percival team advising on construction.
CMS acted for DXB Auto Investments Limited with Grant Thornton advising on tax, while BDO were the seller’s tax advisers.
Howes Percival’s Shital Odedra commented,
I’m absolutely delighted with the way our team has supported Harwoods throughout this process on what has been a significant, cross border transaction. This exemplifies the high value; complex M&A work we see in the automotive sector and our depth of resource and specialist automotive-retail knowledge was once again key.
For more information on Howes Percival’s services to the automotive sector, visit here