Dentons has advised the shareholders of Axle Group Holdings on the deal.Axle Group Holdings Ltd (National) executed the sale of National to Halfords Group plc for circa £62 million. The transaction completed on 9 December and National will now be integrated into Halfords’ Autocentres business.
Halfords is the UK’s largest retailer of motoring and cycling products and services.
National is a well-established business in the tyre and automotive servicing, maintenance and repair market, operating under the following brands: National Tyres and Autocare, Viking Wholesale Tyres and Tyre Shopper.
The Dentons team was led by Iain Sutherland (Picture) with support from Corporate senior associates Nicola Rae and Rachel McNeill, Corporate associates Lamia Al-Lamki and Colm Kerr and Corporate trainee Giulia Ross. Teams from Real Estate, Banking, PRM, Tax and TMT also provided support.
Involved fees earner: Lamia Al-Lamki – Dentons; Rachel McNeill – Dentons; Nicola Rae – Dentons; Iain Sutherland – Dentons; Law Firms: Dentons; Clients: Axle Group Holdings Ltd;