The Business Magazine - B2B Business News - Site Logo
The Business Magazine March 2024
Read now
PICK YOUR EDITION

Marlow: Moorcrofts advises traffic solutions firm on sale to UK leader

23 April 2019
Share
Deals-default
Moorcrofts LLP has advised the shareholders of Videalert Development, a leading supplier of intelligent traffic management and enforcement solutions to local authorities on the sale of Videalert Development to Marston Holdings, the UK’s largest transportation and enforcement services group.
The Moorcrofts team, based at Marlow, was led by Teri Hunter (corporate partner), with support from Nicola Bennett (senior corporate associate solicitor), Adam Forder (associate corporate solicitor), Kierendeep Sahota (assistant corporate solicitor), Tim Astley (commercial / IT partner), Matt Jenkin (employment partner) and Ian Hylton (senior commercial property associate solicitor).

David Richmond, CEO, commented: “Moorcrofts have been Videalert’s advisors for many years and were the natural partner for us to handle the transaction. Teri and the team were professional, proactive and understood our needs throughout and delivered an outstanding outcome for the shareholders, closing the deal within 30 days of the term sheet being signed. We would highly recommend Moorcrofts.”

Teri Hunter, Moorcrofts corporate partner commented: “Myself and the entire team at Moorcrofts are delighted to have advised Videalert on the sale to Marston Holdings. We wish the company the best of luck in the future and we look forward to working with Videalert as it continues to accelerate its growth as a key part of Marston Holdings.”

Travers Smith acted for Marston Holdings.


Related topics

Related articles

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
12
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info

Related articles