Ashurst advised Guernsey-based CPC Group, on the disposal of the entire issued share capital of Omni Capital Retail Finance Limited.
Under the terms of the deal Castle Trust will acquire 100% of the Watford-based online retail point-of-sale finance business from current owners CPC.
Omni Capital Retail Finance, formerly Logical Finance, was bought by CPC in July 2013.
Completion of the transaction is expected during the first quarter of 2017 and is subject to the approval of the Financial Conduct Authority.
The Ashurst team was led by corporate partner Nick Cheshire (picture), assisted by associates Claire Broom, Emily Thompson, Francesca Downes, Francesca Witney, and Hayley Gow. Partner David Futter advised on the IP, data protection and TMT aspects of the transaction, assisted by associate Shreedevi Chatterjee. Partners Nicholas Gardner and Alex Cox advised on the tax aspects, assisted by associate Shayaan Zaraq Bar. Counsel Jonathan Hoare provided real estate advice, and partner Crowley Woodford advised on the employment aspects, assisted by senior associate Sean Coyne.
Involved fees earner: Nick Cheshire – Ashurst; Claire Broom – Ashurst; Emily Thompson – Ashurst; Francesca Downes – Ashurst; Francesca Witney – Ashurst; Hayley Gow – Ashurst; David Futter – Ashurst; Shreedevi Chatterjee – Ashurst; Nicholas Gardner – Ashurst; Alex Cox – Ashurst; Shayaan Zaraq Bari – Ashurst; Jonathan Hoare – Ashurst; Crowley Woodford – Ashurst; Sean Coyne – Ashurst;
Law Firms: Ashurst;
Clients: CPC Group Ltd;