Our Corporate team has advised private equity firm STAR Capital Partnership LLP on the sale of its UK based STAR Mayan Limited (Star Mayan) commercial laundry business to Canadian listed company, K-Bro.
Star Mayan is a leading commercial laundry business in England, serving the healthcare, hospitality and aviation markets. Star Mayan will be integrated into K-Bro's existing UK business.
The team advising STAR Capital Partnership LLP was led by Partner Ian Piggin and supported by Senior Associate Alex Farrow.
Ian Piggin said: "It's been a pleasure to act for STAR Capital Partnership LLP and Star Mayan from initial acquisition, through bolt-on acquisitions, refinancing's and ultimately to exit."
STAR Capital Partnership's Sam Fletcher said: "We are pleased to have finalised the sale of STAR Mayan to K-Bro – a leading provider of commercial laundry services in Canada and the UK. This transformative acquisition provides an excellent home for the platform that STAR Capital developed, and we're delighted to have completed on the sale. It's been a pleasure to work with the team at Gowling WLG and we're extremely grateful for all their hard work."
Gowling WLG's Mergers & Acquisitions (M&A) team provides legal advice on domestic, international or cross-border deals, working with clients long-term to guide them through the most complex corporate transactions with ease. As an established M&A law firm in the region, our lawyers in the UK have the knowledge and experience to advise on a full range of corporate transactions, including mergers, acquisitions and disposals, strategic investments and joint ventures. We act across a wide spectrum of transaction size, with particular experience in mid-market M&A.