31 January 2006 – LAWFUEL – The Law News Network – Mayer, Brown, Rowe & Maw LLP has advised private equity house PPM Capital Limited (“PPMC”) and the management shareholders on their sale of the entire issued share capital of Upperpoint Distribution Limited (“UDL”) to a new company backed by Close Brothers Private Equity (“CBPE”) in a transaction valued at £128 million. The transaction completed on 27 January 2006.
UDL, which operates under the Norbain brand in the UK, specialises in the distribution of CCTV equipment covering both third party brands as well as its own brand, Vista, one of Europe’s leading CCTV brands.
Norbain plc was acquired by way of a £43 million public-to-private transaction led by PPMC in September 1999. Mayer, Brown, Rowe & Maw LLP acted for the management team at the time of the transaction and has advised the Upperpoint Group for the last six years.
The Mayer, Brown, Rowe & Maw team was led by Andrew Sharples assisted by Louise Cracknell.