Leading South East law firm Thomson Snell & Passmore has advised Stourbridge College, in connection with its merger with Birmingham Metropolitan College. The merger completed on Friday 31 May forming one of the largest and most significant further education providers in the country.
The merged college will provide courses to 35,000 students and will create an enhanced learning experience and increase employment opportunities for its students. The merged college will have a combined turnover of nearly £100 million. Improving choice and access to facilities was a key driver for the partnership between Stourbridge and Birmingham. Both colleges have a proven track record for business efficiency and the merged entity predicts outstanding financial health by 2015.
Thomson Snell & Passmore worked with Stourbridge College in connection with the due diligence and disclosure phase of the transaction; advised in connection with the merger documentation and transfer of assets to Birmingham.
Thomson Snell & Passmore’s instruction on this matter follows on from a long-standing relationship advising Stourbridge College in connection with significant property developments and expansion.
The Thomson Snell & Passmore team advising on this transaction was lead by Joanne Gallagher and Richard Ellard lead the team dealing with real estate aspects.
Commenting on the deal, Richard Ellard said:
We are delighted to have been asked to advise Stourbridge College in connection with its merger and we are excited for the College’s future. The nature of the merger gave rise to complex regulatory issues and our involvement emphasises our commitment to the sector and expertise in dealing with important, complex transactions.
Commenting on the deal, Louise Jones – Executive Director of Birmingham Metropolitan College said:
We wish to thank Joanne, Richard and the team at Thomson Snell & Passmore for their assistance in acting for Stourbridge in connection with the merger. We were able to work in partnership with Thomson Snell & Passmore to ensure that the merger was completed efficiently.