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News & Knowledge

Lester Aldridge advises C4L shareholders on sale of business

22nd March 2016

Simon Holden and Grant Esterhuizen, corporate partners at MSI's UK South Coast law firm member Lester Aldridge, led a team in acting for and advising the selling shareholders of C4L Group Holdings Limited, a successful and growing network services and data centre hosting business.

C4L was sold to Selection Services Investments Limited, a wholly-owned subsidiary of Castle Street Investments PLC, a company quoted on the AIM market operated by London Stock Exchange plc (AIM: CSI). The sale was for a total consideration of £20.2 million, which was paid in a combination of cash and shares in CSI. As part of the transaction, two of the selling shareholders joined the board of directors of CSI.

The Lester Aldridge team included Susan Cowan, Suki Samra, Catharine Geddes, Alex Bilionis, Chris Evans, Edward Adamson and Anna Shonfeld, who provided advice and assistance throughout the transaction on a broad range of Corporate, Property and Employment related matters.

Simon Holden commented: “We are delighted to have assisted the selling shareholders of C4L, who have built a high-growth company within an exciting sector, and we would like to take this opportunity to wish them and the enlarged CSI management team every success in their future business endeavours. We pride ourselves on our partner-led service and the strength of our client relationships, which was very much evident on this transaction.”

Grant Esterhuizen said: “We worked alongside the selling shareholders giving them clear, pragmatic advice on the acquisition process and ensuring that the deal was completed within a tight deadline. As head of the Commercial Group, I am proud at the collective team effort and contribution which was made getting this across the line for our clients. I too would like to take this opportunity to wish them and the CSI team the very best in building a leading first-in-class technology business.”

Financial and tax advice was provided to the sellers by Inspire Professional Services Ltd, a firm which Lester Aldridge enjoys a close working relationship with.

About Lester Aldridge LLP - Bournemouth

Lester Aldridge is a full service law firm, advising commercial organisations and private individuals on a regional, national and international scale, from offices in Southampton and Bournemouth.

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