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19 July, 2022 - 16:12 By Tony Quested

Birketts advises on brace of company sales

East of England law firm Birketts has advised on the sale of Essex-based FGD Solutions Ltd to Asset Management (Ireland) Holdings Limited for an undisclosed sum.

FGD, operating from Chelmsford, is a market leader in the field of secure IT recycling. Established in 2011, it has worked with a range of clients in a variety of sectors, including legal, banking and public, providing services in IT disposal, data destruction and sanitisation plus IT asset buyback.

FGD had already enjoyed a working relationship with Vyta Secure Ltd, a secure IT recycling company based in Northern Ireland, which is wholly owned by Asset Management (Ireland) Holdings Limited. 

It will now form part of the Vyta Group. The deal further strengthens Vyta Group’s market position in the UK, Ireland and Northern Ireland. This follows significant investment from private equity firm MML Growth Capital Partners Ireland. 

As part of its overall growth strategy, other members of the Vyta Group, members of its senior management team and two of the co-founders of FGD Solutions have also made significant investments.

The Birketts team was led by Partner Rafael Ruiz (Corporate) and Associate Sabina Rooney (Corporate), who were assisted by lawyers from a number of disciplines across the firm, including Partners Adam Jones (Private Equity), Clare Barlow (Employment) and Karl Pocock (Tax), Senior Associate Matthew Grindley (Property) and Associate Robbie Watson (Tax).

Birketts has also advised Suffolk-based Owl Barn Limited, a gift mail order catalogue business, in its sale to an employee ownership trust (EOT). The sale saw 100 per cent of the company’s share capital sold into an EOT that will benefit the company’s current and future employees.

Established in 1995 by Chris and Elaine Astridge, Owl Barn specialises in selling a wide range of gifts across the UK including books, clothing, food & drink, games and homeware via its mail order catalogue and website service. The owners made the decision to sell as part of their strategic succession plans. 

The Birketts team was led by Lisa Hayward (Partner, Head of Employee Incentives) and Heidi Bond (Corporate) and was supported by a number of colleagues including Matthew Adamson (Commercial), Abigail Hubert (Employment) and Elliot Tayler (Corporate).

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