Shoreside Law are a team of specialist international lawyers dedicated to shipping, yacht, commercial, insurance and energy disputes. Their extensive cross-border experience across multiple jurisdictions has allowed them to represent a full spectrum of domestic and international clients in some of the most significant and high-profile casualties, contractual disputes, reported commercial cases and arbitrations in recent years.
The management team have made the strategic decision to sell to Davies and will join the firm’s existing legal solutions business, Keoghs. Top 40 law firm, Keoghs provides claims and legal expertise to insurers, businesses and other suppliers to the insurance sector.
On the sale, Peter Mavroghenis, Director of Shoreside Law Ltd comments:
“We were very pleased to work with PEMCF on this transaction. Phil and Cameron did a fantastic job, providing excellent, timely and, most importantly, commercial advice to us at Shoreside and we are very grateful for their invaluable contributions in getting this deal completed.”
On the acquisition, Dan Saulter, Group CEO of Davies commented:
“I’m really impressed with the experience of the Shoreside Law team and am looking forward to welcoming our new colleagues to our Complex & Specialty claims division in the UK. The firm has an excellent track record of delivering outstanding results on a range of large, complex, and sensitive issues and I have no doubt the individual talents of the whole team will be invaluable in providing our combined clients with the excellent level of service they expect.”
Philip Olagunju and Cameron Rothwell from PEMCF assisted the vendors with price negotiations, net working capital analysis, due diligence assistance and general transaction support, resulting in an overall uplift in consideration.
Cameron Rothwell, Executive at PEM Corporate Finance remarks:
“This was a brilliant transaction to be involved in. It was a pleasure to assist Peter and the Shoreside team in their negotiations with Davies, with it also being great to work alongside Olly Phillips and Matt Dempsey at Phillips Dempsey on the legals. The PEM team would like to congratulate everyone involved in this transaction, and we very much wish the Shoreside team and Davies all the very best in what promises to be an exciting future for both!”
Legal advice to the vendor was provided by Olly Phillips and Matt Dempsey of Phillips Dempsey.
Legal advice to the buyer was provided by Stevens & Bolton LLP.
