Franchise Brands’ £28 Million reverse takeover of Metro Rod and associated £20 Million placing

Nabarro has advised on the deal

AIM-listed Franchise Brands is a group of international multi-brand franchisors with a combined network of over 400 franchisees in 12 countries, but predominantly in the UK. Its principal brands are ChipsAway, Ovenclean and Barking Mad. Metro Rod is a leading provider of drain clearance and maintenance services serving national business customers across multiple sectors including facilities management, retail, water utilities, social housing, hospitality and insurance, as well as local businesses and other customers in the private and public sectors.

Corporate partner, Alasdair Steele (Picture), assisted by senior associate Jack Shepherd and associate Emmanuelle Ronez are advising on the Franchise Brands deal.

 

Involved fees earner: Alasdair Steele – Nabarro LLP; Jack Shepherd – Nabarro LLP; Emmanuelle Ronez – Nabarro LLP;

Law Firms: Nabarro LLP;

Clients: Franchise Brands;