Squire Patton Boggs in Birmingham Advises on £1.35 Billion of Deals in H1 2021

Squire Patton Boggs has advised on 22 transactions worth £1.35 billion during the first half of 2021. Headline deals included advising Croatian electric hypercar manufacturer Rimac Automobili on its combination with iconic French automotive brand Bugatti Automobiles, advising Hackman Capital Partners on the £300 million acquisition of Eastbrook Studios and advising GracoRoberts on its acquisition of Sil-Mid Limited.

A team comprising Birmingham Corporate partner Andrew Glaze and Jost Arnsperger from the firm’s Berlin office, as well as associate Shauna Halls, advisedRimac Automobili on its combination with Bugatti Automobiles, a historic venture to create a new automotive and technological powerhouse, Bugatti Rimac LLC.

Partner and head of the Birmingham Corporate team, Geoff Perry, together with associate Leyla Parvizi and partners Nick Green (Real Estate), Dave Gordon (Environment) and Ray O’Connor (Construction), advised Hackman Capital Partners, the industry’s largest owner and operator of independent film and television studios, on the £300 million acquisition of Eastbrook Studios and its agreement with Barking and Dagenham Council to build London’s largest film and TV production centre.

Mr. Perry also advised US company GracoRoberts on its acquisition of Sil-Mid Limited, to forge the world’s largest aerospace-focused and specification-driven specialty chemicals distributor.  He was assisted by Shauna Halls and Leyla Parvizi.

“We have had an exceptionally busy first half of the year, due in part to pent up demand and, in the earlier part of the year, anxiety around a potential tax increase in the Budget,” commented Mr. Perry. “That said, activity levels remain high, driven by an array of issues, and what is clear is that businesses are actively looking for opportunities to adapt and evolve to position themselves for future growth.

“From a private equity perspective, healthcare, life sciences and tech-focused investments are the sectors where we are seeing the most activity.”

Squire Patton Boggs was ranked first in Bloomberg’s Global M&A Advisory League Tables (Q1 2021) for UK Mid-Market by Deal Count (up to US$500 million).