Shoosmiths advises on Softbox investment

Shoosmiths advises on Softbox investment

Published:

Author: Perry Buck

Shoosmiths' partner Adam Dowdney has advised on a multi-million pound investment in packaging company Softbox.

Adam Dowdney
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Adam Dowdney

The national law firm has advised the shareholders of Softbox Systems Limited - a market-leading manufacturer and distributor of temperature controlled packaging systems and solutions to the pharmaceutical industry - on the strategic majority investment by US private equity firm Great Point Partners. 

Adam Dowdney led a team of corporate specialists comprising fellow partner Lynn Knight, banking partner Linda Williams, corporate assistant Kiran Virk, and paralegal James Arnold.

Additional specialist legal advice was also given from a range of other departments throughout the firm.

The deal was completed through the provision of funds raised from Clydesdale Bank with Oghma Partners providing corporate finance advice to the shareholders.

Adam Dowdney said: 'This is a great deal for the shareholders of Softbox, whereby they can realise some cash for all their hard work in the business over the last 20 years as well as sharing in the future growth of the business with Great Point Partners.

'The deal had its complexities, particularly as the investor was US-based, but due to a fantastic team effort from all on the sell side we got the transaction completed on time. We wish all the shareholders and the group as a whole every success going forward.'

Richard Jones, Softbox CEO, commented 'Following a rigorous selection process we decided to work with Shoosmiths as our corporate lawyers a year prior to our decision to sell a majority stake in Softbox. Having trading entities based in the UK, USA, India, Australia and Singapore added significantly to the complexity of the deal and the due diligence required by Great Point Partners.

'Shoosmiths' depth of knowledge and expertise, attention to detail and patience were exemplary in every way and we enjoyed working with a team that simply couldn't do enough for us whatever the time of day. I wouldn't hesitate to recommend them to anyone embarking on the sale of their business seeking a trusted partner that provides true value for money legal services'.

Shoosmiths' corporate team was named 'Law Firm of the Year' at the prestigious national M&A Awards in 2013 and was shortlisted again in 2014. It was also ranked in the top three of the authoritative UK Experian Corpfin Advisor League Tables for number of deals completed in 2013.