H&T Group plc’s Acquisition of Swiss Time Services Limited

In UK Gowling WLG, advised on the matter.

Gowling WLG advised H&T Group PLC with a team including Hugh Maule (Picture – Corporate M&A).

H&T Group plc, the UK’s largest pawnbroker and growing retailer of new and pre-owned jewellery and watches acquired watch servicing and repair centre, Swiss Time Services Limited.

H&T is paying a total consideration of £4.3 million for Swiss Time Services. The acquisition will be funded from the Group’s existing funding facilities, which amount to £35 million.

The team from Gowling WLG was led by corporate partner Hugh Maule (Picture) and associate Helena David with support from principal associates Elizabeth Emerson (tax), Angela Rawlins (banking and finance), Rebecca Jones (employment) and Elizabeth Napier (real estate), senior associate Sarina Mann (banking and finance) and trainee Tasha Cranmer-Brown (corporate).

Involved fees earner: Helena David – Gowling WLG; Elizabeth Emerson – Gowling WLG; Rebecca Jones – Gowling WLG; Sarina Mann – Gowling WLG; Hugh Maule – Gowling WLG; Elizabeth Napier – Gowling WLG; Angela Rawlins – Gowling WLG;

Law Firms: Gowling WLG;

Clients: H&T Group PLC;

Author: Giulia Di Palma