Corporate News Stories
Brabners Chaffe Street advises on Begbies Traynor Group acquisition
5/11/2010Leading North West law firm, Brabners Chaffe Street has advised on the acquisition of Hamiltons Insolvency Practitioners Limited by specialist professional services consultancy Begbies Traynor Group plc.
Hamiltons, a Sheffield based firm of business recovery and insolvency practitioners, is run by two partners, who will both be joining the Group as partners. The firm specialises in all types of business recovery and insolvency procedures, as well as offering advice to companies and individuals who believe they may be heading towards, or are already in, financial difficulty.
The business will be integrated into the Group's existing insolvency operation and will help to grow the presence in the South Yorkshire market. It is planned to grow the new office by recruiting additional senior staff.
Brabners Chaffe Street Corporate Partner Caroline Litchfield, who provided legal advice to Begbies Traynor Group, commented today: “We're delighted to have played our part in securing the transaction which has extended our client's market share in the industry.”
Ric Traynor, Executive Chairman of Begbies Traynor Group said: “The acquisition of Hamiltons represents an opportunity to acquire a successful and well regarded business that fits well with our existing operations. It is consistent with our strategy of considering both organic investment and acquisition opportunities, principally in the insolvency and restructuring sector.”
The legal team at Brabners Chaffe Street also included Ruth Hargreaves, Corporate Associate, and Matthew O'Brien, Property Associate.
Brabners Chaffe Street is now ranked as one of the top five most active corporate practices in the North West and the largest locally-based corporate legal teams.
For further information contact Caroline Litchfield at Brabners Chaffe Street on 0161 836 8800
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