Cowgill Holloway advises on TVP merger with Watson Laurie Group

 

 

Established in 1994 by two brothers, Peter and David Vinden, TVP, based in Bolton, provides a range of professional services and effective solutions to the construction sector, particularly services that are in demand in times of both recession and good economic conditions.
 

Ian Johnson, head of corporate finance at Cowgill Holloway, commented: “In advising on this merger, we have helped in creating a strategic partnership between The Vinden Partnership and the companies controlled by Andrew Crompton, which will provide them both with access to new markets.”
Peter Vinden, one of the construction industry’s leading Adjudicators, Mediators and Property Experts will  continues as managing director of TVP. The company currently has over 40 staff with a turnover in 2007 in excess of £3 million.
 

Peter Vinden commented: “I am delighted to welcome Andrew Crompton on to the board and to formalise our long-standing relationship with the Watson Laurie Group.  This is an exciting new chapter in TVP’s development and both TVP and WLG will go from strength to strength as a result.
By combining our knowledge, experience and skill sets we can offer our clients added value and an expanded service and product portfolio both now and in the years ahead.”

 

Andrew Crompton added: “Despite the tough market conditions, the nature of the construction industry means that services offered by The Vinden Partnership are still very much in demand. The Vinden Partnership already has a wide customer base and I am looking forward to exploring new market opportunities.”
 

Cowgill Holloway’s Corporate Finance and Transactional Tax Team advised on the merger.  The deal was funded by The Royal Bank of Scotland.  Kay Waddington at Stephensons Solicitors LLP advised TVP and Tony Harper of Brabners Chaffe Street LLP acted for Watson Laurie Group.