News
Leading chartered surveyors, Eddisons is set to expand following a management buy out (MBO).
Sharon Needle has advised the management team of Eddisons in their successful management buyout of Eddisons, the leading property and facilities management company. Eddisons, which has offices in Leeds, Manchester, Bradford and Huddersfield, has been acquired by Managing Director, Nigel McDonald and director, Richard Roe who acquired 100% of the company's share capital for an undisclosed sum.
Nigel McDonald said "The MBO is a significant step in the ongoing development of Eddisons and will help us to deliver our ambitious growth strategy."
Eddisons was founded in 1844, employs over 100 staff. Funding for the MBO was provided by Barclays Commercial Bank, and corporate finance supplied by BDO Stoy Hayward.
Eddisons Expands
The Needle Partnership has advised Eddisons in connection with its high profile acquisition of the business and assets of the property management and facilities management divisions of Erinaceous PLC, together with its Landlord and Tenant teams. Sharon Needle led the team of legal advisors to the management of Eddisons, working again with Barclays Commercial Bank and BDO Stoy Hayward to successfully complete the deal prior the administration of Erinaceous PLC.
Appointments at The Needle Partnership
The Needle Partnership is please to announce the appointment of Clinton McKenzie as an Associate Solicitor with the practice. Clinton is a highly experienced solicitor who worked previously for of DLA Piper, before joining a highly respected corporate and commercial practice in Manchester. More recently Clinton was head of Litigation for another Leeds firm.
Experienced in handling heavyweight litigation for both commercial clients and private individuals, Clinton has worked with and advised a variety of well-known organisations and individuals, including listed plc's and high profile sports stars.
Commenting on his appointment, Clinton said "This is a great opportunity to join a firm which has quickly established itself with leading businesses and professional advisers in this region and beyond. The firm has tremendous potential and I am looking forward to adding value to the business, and assisting in the achievement of the ambitious goals the partners have set."
Congratulations to Tunika
All within the firm would like to extend their congratulations to our colleague, Tunika Onukwu, who was admitted as a solicitor in England and Wales on 16th June 2008. Tunika joined the firm in January 2008, and has made a positive contribution to the practice
