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  • Overview

    Thomson Snell & Passmore recently acted for the shareholders of Orpington Timber & Building Supplies Limited (OTBS) in relation to the sale of the company to Covers Timber & Building Merchants Limited.

    Having been established in 1988, OTBS will now trade as ‘OTBS, Covers Bexleyheath’ as of 03 January 2018. This acquisition strengthens Covers’ portfolio of branches in the South East to 15 depots.

    Former shareholder, Michael O’Kane said: "Covers has an enviable reputation in the trade so I am confident that OTBS will go from strength to strength under its guidance. We are pleased to be part of such an exceptional business."

    Nick Gabay, Partner in the Corporate department, led the project team at Thomson Snell & Passmore and was assisted by Catherine Linsell, Solicitor in Commercial Property, Ben Stepney, Senior Associate in Employment and Joseph Hartland, Trainee Solicitor in Corporate & Commercial. Speaking of the deal, Nick Gabay said:

    "It was extremely rewarding to advise the shareholders in passing on their historic legacy in OTBS to an enthusiastic Buyer. We look forward to seeing the company grow from strength to strength in the future."

  • Related Services

    Corporate, commercial & international dispute resolution

    Our highly experienced team of specialist lawyers act for UK and international businesses and individuals in a wide range of commercial disputes.

    Management Buyouts

    A management buy-out (MBO) is a transaction where the owner of a Company sells some or all of the shares to members of the management team. Often the management team will set up a new company as the acquisition vehicle (Newco).  Frequently the funding for an MBO may be provided by a mixture of funds from the management team, private equity and bank lending. 

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

Newsletter Sign Up

'For you' Newsletter'For your business' NewsletterConstruction LawThe DeputyTotaland Law Agriculture & RuralTotaland Law Development & PlanningTotaland Law GeneralTotaland Law Landlord & TenantTotaland Law Property & Finance Workplace Law
I agree to be 'opted in' to receive the Thomson Snell & Passmore communications I have selected above. I understand that this means they will send me relevant content based on the options I have selected. \n\n If you do not wish to receive promotional material from Thomson Snell & Passmore please contact us using the following link: info@ts-p.co.uk
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