Blake Morgan advises on merger of leading property and construction consultancy firm Henry Riley
Leading law firm Blake Morgan advised on the merger of UK-based construction Project Management and Quantity Surveying firm Henry Riley with TSA Management (TSA), an Asia-Pacific Project Management and Advisory consultancy backed by Quadrant Private Equity.
Blake Morgan advised on the restructuring of Henry Riley’s business in the UK and Australia to support the transaction and guided the partners of Henry Riley on the restructure process in relation to the complex cross-border transaction with TSA. Blake Morgan worked closely alongside Stewart Lambert, Jack Griggs and Phil Snell of James Cowper Kreston, who advised on the Corporate Finance and Tax elements of the transaction.
A cross-departmental effort from Blake Morgan’s Southampton office led by Corporate Partner Mathew Wilson assisted by solicitor, Jodie Grove, saw a team of corporate, employment, pensions, property, and tax experts oversee the transaction. This deal marks TSA’s first expansion beyond the Asia-Pacific region since its establishment in 2001.
With over 130 years of experience trading in the UK across 9 locations, Henry Riley has built up a roster of big-name clients, including Bupa, Amazon, Ikea and the NHS, and it sought a partnership with TSA to expand its reach and to broaden and enhance its service offering.
Together, the two firms now have almost 850 employees globally, with a broad service offering across Project Management, Advisory (including Carbon Advisory) and Quantity Surveying.
Mathew Wilson, Partner at Blake Morgan, said:
It has been a privilege to advise and work so closely with David Needham and the Henry Riley team in this transformative milestone for them and their business. There are so many synergies between Henry Riley and TSA which means the combined group has a very exciting future. We are extremely proud of the advice and support we have provided to the Henry Riley team to enable this exciting new partnership with TSA. Our dedicated team of solicitors has worked hard to keep this complex process smooth by bringing together experts and advice from so many different disciplines. We look forward to the continued success of TSA and Henry Riley.
David Needham, CEO at Henry Riley LLP, said: “With a legacy of over 130 years, getting the right deal for the next phase of our journey is key, and we are focussed on building our business’ reach and expertise, while ensuring our close and trusted relationship with our clients remains at the heart of our business model. Blake Morgan’s M&A expertise and trusted advice has provided valuable support throughout this process. On behalf of the Henry Riley team, I would like to thank Mat, Jodie and the Blake Morgan team for all of their hard work and dedication in supporting us with our growth journey. Being part of the TSA family is an exciting opportunity to accelerate growth and provide an ever-more outstanding service for our clients.”
This deal builds on Blake Morgan’s award-winning experience advising firms on cross-border mergers, acquisitions and disposals.
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