Temple Bright team handles linen firm acquisition for Nisbets
Bristol and London law firm Temple Bright has completed another high profile corporate deal – an acquisition for leading catering equipment supplier Nisbets – as the firm continues to expand in both locations.
The firm advised Avonmouth-headquartered Nisbets on its takeover of Mitre Linen, a manufacturer of linens and soft furnishings based in Merthyr Tydfil, which completed last month.
Nisbets were also advised on the deal by PricewaterhouseCoopers. The sellers were advised by Ashurst and KPMG.
Mitre provides linen products including bedding, bathrobes, toweling and table linen to the hospitality industry in more than 50 countries.
It has held a Royal Warrant since 1955 to supply furnishing fabrics and bedding to the UK royal household.
Temple Bright’s eight partner team was led by corporate lawyer Jonathan Poole, who said: “It was a privilege to advise Nisbets on this acquisition which is an exciting step forward for the company.
“We are proud to support Nisbets and look forward to building on our strong relationship with the business as it continues to grow.”
Family-owned Nisbets, considered to be Europe’s largest supplier of commercial catering equipment, has around 1,800 employees and worldwide revenues of more than £300m.
Its customers include restaurants, cafés, bars, pubs, hotels, professional chefs and caterers.
Earlier this year it acquired a controlling stake in Space Catering (UK).
Temple Bright was founded in 2010 and has 51 partners spread across offices in Bristol and London. The firm operates a streamlined, tech-enabled business model in which clients are advised exclusively by senior lawyers, often working opposite City and large regional firms operating the traditional delegation-based approach.
The Temple Bright team included Bristol-based partners Paul Stone (corporate), Chris Crane (commercial), Ben Brodie (real estate), Andrew Tibber (IP & technology), Paul Manson (employment), Comron Rowe (pensions) and Carol Tricks (tax) working alongside Jonathan Poole.
This article appeared in the Bristol Business Newsletter on 21 October 2016.