Forsters advises Greybull Capital on the purchase of McLaren Applied
A cross departmental team, led by Client Relationship Partner, Craig Thompson, and Senior Associate Daniel Bryan, has advised long-standing client, Greybull Capital, on their high-profile purchase of the McLaren Group's Applied business division.
The business will continue to be led by McLaren Applied's current management team and will continue to service its existing customer base with the company aiming to further expand on its current business strategy.
Commenting on the purchase, Marc Meyohas (Managing Partner at Greybull Capital), said "McLaren Applied is at the forefront of British innovation. For over 30 years, McLaren Applied has helped lead the way on the digital and electric evolution of motorsport and the application of these Formula 1 technologies is becoming increasingly widespread. Applied is playing a key role across the transport sector providing solutions that allow for greater resource efficiency, connectivity and electrification."
"Forsters are thrilled to have advised Greybull on this significant deal, having acted for Greybull on a number of transactions over the years, and we look forward to seeing the Applied business drive forward its growth strategies." Craig Thompson commented.
A cross-practice group of lawyers from across Forsters' Corporate & Commercial, Real Estate, Tax, and Finance teams, worked together with Greybull on the acquisition. In particular, Craig was assisted by Daniel Bryan and James Hamilton. Helen Streeton led on real estate, supported by Anthony Goodmaker and Emma Francombe. Elizabeth Small led on tax, and Rowena Marshall led on finance.
A Forsters team led by Head of Corporate, Craig Thompson, and Associate, James Hamilton, advised Net-a-Porter founder Mark Quinn-Newall's Neurotribes investment fund on the sale of its substantial stake in Cult Beauty to The Hut Group for £275 million.