Freeths, a leading UK law firm, has advised an international trade network on the purchase of a subsidiary of lifestyle brand Joules Group, saving over 50 jobs.
TIM Group Holdings, a private equity house, purchased the business after a tumultuous year. The uncertainty of the businesses’ future occurred following the collapse of The Garden Trading Company, the company’s administration group.
A promising deal
Established in 1994, The Garden Trading Company Limited takes inspiration from the British countryside and city lifestyle trends to develop products for consumers and some of the world’s leading retailers.
The deal will see TGH work with the current management team to continue to provide home and garden products.
Freeths’ legal team was led by restructuring and insolvency managing associate Isobel Callaghan, who led a team across 4 of Freeths’ offices, and was supported by restructuring and insolvency partners Kevin Pinkerton and John Jeffreys, corporate partner Dahren Naidoo, real estate partner John Flathers, intellectual property partner Simon Barker, commercial partner Zoe Robertson, employment director Lee Ashwood, managing associate Lloyd Lane and associates Rachel Clements and Jamil Hussain.
Commenting on the deal, Isobel Callaghan said: “It was a pleasure to work on this transaction which has helped safeguard 53 jobs overall. This deal really highlights the strength of Freeths’ cross sector capabilities, and we look forward to seeing this business grow.”
Freeths is a top 50, £112m turnover, full service commercial law firm. The growing firm has built a reputable team of over 1,000 members of staff. The Legal 500 and Chambers legal guides consistently and highly ranks the firm’s lawyers.