Shoosmiths advises MML Capital Partners on fourth deal

Shoosmiths advises MML Capital Partners on fourth deal


Author: Sophie Llewhelin

Shoosmiths' Birmingham corporate team has advised MML Capital Partners on the sale of Virginia-based Cableform Inc to Hubbell Inc.

This is the fourth consecutive deal completed by Shoosmiths on behalf of MML within the last ten months, having simultaneously advised on the sale of Rotary Precision Instruments to German manufacturer, Huber Diffraktionstechnik GmbH & Co. KG.
Shoosmiths advised on the sales of subsidiaries ZEAG and Zodion in 2011, bringing present total deal value to around £35m.

The latest deal involved the disposal of Cableform - a manufacturer of large DC motor controls for mining, steel, and transportation industry customers worldwide - to Hubbell Inc, an international manufacturer of electrical and electronic products.

The second deal involved the sale of UK-based Rotary Precision Instruments, to Huber Diffraktionstechnik, a market leader in the manufacturing of precise positioning and diffraction equipment for laboratory and synchrotron applications.

Shoosmiths' team was led by corporate partner Alastair Peet, with support from associate Robert Laugharne and solicitor Alistair Hammerton.

Peet said: "We've welcomed the opportunity to continue to further enhance our relationship with MML by being able to advise on both of these deals.

"It's still a competitive environment out there, for any type of deal, so to contribute to the successful completion of four within a matter of months is a very positive sign."

MML Capital Managing Partner Ian Wallis said: "We're delighted to have completed the fourth disposal from the Hallmark Group and all within the last twelve months.

"The Shoosmiths corporate team has a proven track record for providing us with a great service on the UK and international elements of our various transactions. Their efforts have merely reinforced what we already knew - they are a legal team we can trust to deliver."