Freeths advises Crown Worldwide on significant acquisition of Premier Workplace Services
Freeths has advised Crown Worldwide Limited (“Crown”) on its acquisition of Premier Moves Limited, trading as Premier Workplace Services (“PML”). PML is a commercial fit-out and relocation services company boasting a £20m turnover and having a wealth of blue-chip businesses as its clients.
Combined services will include: workplace consultancy, space planning and interior design, fit-out and refurbishment, furniture consultancy and procurement, specialist IT, storage and commercial relocations and a range of sustainable services to meet the needs of today’s CSR objectives.
The acquisition represents Crown’s continued expansion in the workspace services arena and is one of the business’s most significant transactions in its 53-year history.
PML will retain its brand and report to Stephen Hardie, Crown’s Managing Director UKI & Northern Europe.
The Freeths team was led by London corporate partner Peter Hill, supported by a cross-firm team including corporate solicitor Naomi Spring, tax associate Matthew Switzer, senior real estate associate David Laurence.
Stephen Hardie commented: “The Freeths team have done an exceptional job getting us over the line on this deal. It’s a really exciting, strategic acquisition for Crown which we hope will be transformational for years to come. It has been a real pleasure working with Freeths – the guidance, advice and support has been first class”.
Peter, who has advised on numerous M&A deals of all types and sizes over the years, commented: “It was a great pleasure working with Steve and his colleagues. We are delighted to have supported Steve and the rest of the team at Crown on this very important transaction for Crown.”
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