Deals

Retail August 23, 2021

Leading design and product development business XL Concept sold to ADM Group

HLaw were pleased to have assisted one of the sellers of XL Concept, a Netherlands based design and technology company, in connection with the company’s sale to UK based ADM Group and in particular on the terms of the equity roll.

Annette Beresford, who co-led the deal for HLaw, commented, “We are very pleased to have assisted our client with getting this deal over the line. The arrangements we advised on will hopefully be mutually beneficial to both parties, as they facilitate continuity in the management of XL Concept”.

Joris Albers, Client Managing Director of XL Concept, commented: “Henry and Annette got up to speed on the transaction super-fast, worked seamlessly with my Dutch counsel on the acquisition side and helped push forward a transaction that had many moving parts, it was of great comfort to know what I was in safe hands – Annette in particular pushed the boat out to get to close working late nights and weekends to get us there.

Deal/project: Equity roll-over

Date closed: July 2021

Space: Retail

Other lawyers and advisors: DLA Piper

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