Gowling WLG has acted for the selling shareholders of ReBOUND Returns.
The Reconomy Group, a leading provider of technology-enabled services to drive the circular economy, acquired the retailer returns logistics platform ReBOUND Returns.
ReBOUND Returns aims to reduce the environmental impact of packaging, shipping and processing returns, calculating the most carbon-efficient routes and encouraging recycling and re-use where possible – making the acquisition by Reconomy an ideal addition to their existing portfolio. ReBOUND is a leading player in the retailer returns business and its clients include ASOS, Gymshark and Sweaty Betty, among others.
The selling shareholders included the founders of the business Graham Best and Phil Smith, together with the growth investor BGF. Gowling WLG advised on BGF’s initial investment into ReBOUND in 2018.
The team at Gowling WLG was led by partner Jeremy Millington (Picture) and principal associate Max Moore, assisted by corporate associate Lottie Brewster. A tax team led by partner Zoe Fatchen, principal associate Tom Rank and associate Helen Hibbert provided tax-related advice on the transaction whilst principal associate Hannah Swindle advised on employment matters.
Involved fees earner: Lottie Brewster – Gowling WLG; Zoe Fatchen – Gowling WLG; Helen Hibbert – Gowling WLG; Jeremy Millington – Gowling WLG; Max Moore – Gowling WLG; Tom Rank – Gowling WLG; Hannah Swindle – Gowling WLG;
Law Firms: Gowling WLG;