YPO’s £50 Million Acquisition Of Findel Education From Studio Retail Group

Walker Morris has advised Wakefield Council as lead authority for public sector buying organisation, YPO, on its proposed acquisition of Findel Education from Studio Retail Group.

The Directors of Studio Retail Group believe the additional scale benefits provided by YPO will allow Findel Education to continue offering great service to schools and nurseries. Additionally, YPO stands to gain greater resilience and scale from the acquisition and benefit from investment in digital marketing technologies and direct sourcing developed by Findel Education over the last two years.

Established in 1974, YPO is the largest local authority purchasing consortium in the UK comprising 13 founder member authorities. Owned by the online retailer Studio Retail Group and based in Hyde, Findel Education is a supplier of resources and equipment to schools in the UK and overseas. Completion of the acquisition is conditional on, amongst other matters, Studio Retail Group’s shareholder approval and obtaining clearance from the UK Competition and Markets Authority.

Walker Morris advised YPO. The team was led by Corporate Partner John Hamer (Picture), who was supported by Senior Associate Edward Ainscoe, and included David Kilduff (who has worked with Wakefield Council on a number of major assignments) and Victoria Bradley from the Firm’s Energy, Infrastructure & Government Group.

Involved fees earner: Edward Ainscoe – Walker Morris solicitor; Victoria Bradley – Walker Morris solicitor; John Hamer – Walker Morris solicitor;

Law Firms: Walker Morris solicitor;

Clients: Wakefield Council;

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