O'Melveny & Myers, Ashurst and DLA Piper have bagged roles on the management buy-out (MBO) of Palmer & Harvey McLane for just less than £300m.The deal sees O'Melveny London co-managing partner Chris Ashworth advising the independent directors of wholesale distributor Palmer on the recommended MBO.It is the third MBO Ashworth has advised Palmer on but his first at O'Melveny. He advised the company when he was at Ashurst and, in 2002, advised management on Palmer's second MBO worth £160m.Ashurst is advising long-term client Palmer on the latest buy-out, which will give management and many employees the opportunity to buy 50% of the shares in the new holding company.
February 20, 2008 at 09:37 PM
1 minute read
The original version of this story was published on Legalweek
O’Melveny & Myers, Ashurst and DLA Piper have bagged roles on the management buy-out (MBO) of Palmer & Harvey McLane for just less than £300m.
The deal sees O’Melveny London co-managing partner Chris Ashworth advising the independent directors of wholesale distributor Palmer on the recommended MBO.
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