Bridges Fund Management’s Investment in Tier 1 Asset Management Limited

In UK Hill Dickinson, advised on the matter.

Hill Dickinson advised Tier 1 Asset Management Limited with a team including Ian Riggs (Picture – Corporate M&A).

Founded in 1995, Tier 1 is headquartered in Manchester, providing a service to customers across the UK. Tier 1 offers end-to-end ITAD services including hardware collection at the customer’s site, a data wipe and refurbishment process, resale of IT assets and waste recycling. Tier 1 specialises in the secure and ethical disposal of end-of-lifecycle IT equipment offering a high level, totally managed solution that covers collection, guaranteed data security, re-marketing and environmental disposal.

Bridges is a specialist impact private equity investor and has spent 17 years identifying investment solutions that can help to make the economy more inclusive and more sustainable and, by doing so, unlock lasting economic value. Across all of its strategies, Bridges focuses on four specific themes to help source and select compelling investment opportunities – healthier lives, future skills, sustainable planet and stronger communities. The investment in Tier 1 demonstrates how this strategy is being put into practice.

Legal advice to the shareholders of Tier 1 was provided by Hill Dickinson lawyers Ian Riggs (Picture), partner and national head of Corporate, James Down, legal director, and Graeme Anderson, associate, of the firm’s Manchester Corporate team. Corporate finance advice was provided by Dave Hilton, partner, and Ryan Imison, associate director of Mazars LLP.

Involved fees earner: Graeme Anderson – Hill Dickinson; James Down – Hill Dickinson; Ian Riggs – Hill Dickinson;

Law Firms: Hill Dickinson;

Clients: Tier 1 Asset Management Limited;

Author: Giulia Di Palma