GBH Law advises on the sale of shares in Battery Service Hub - GBH Law
Independent Surrey law firm GBH Law is pleased to announce that it has advised on the sale of 51% of the shares in Pegasus Battery Group Limited, the holding company of Battery Service Hub, a leading supplier of industrial batteries, to Slovenian company TAB d.d.
Battery Service Hub has enjoyed a successful collaboration with the TAB Group over the past few years, built on trust and shared values. This has now evolved into a strategic partnership, growing TAB Group further and strengthening its presence in the UK.
The GBH Law Corporate team, led by Kate Doody, advised the shareholders in Battery Service Hub on all aspects of the sale and ongoing relationship between the shareholders. Kate was supported by Clare Stephens, Associate, as well as Kathryn Shaw, Director in the Commercial Property team and Helen Stone, Director in the Employment team.
She commented “We were very pleased to have advised our clients on their sale of 51 per cent of their shares to the TAB Group. The sale showcases Battery Service Hub’s strong market position and future growth trajectory.”
Andy Riddle, shareholder of Pegasus Battery Group Limited, said: “We are delighted to complete the sale of shares to the TAB Group and excited about the future.
It was a strategic decision made at the optimal time after the company demonstrated consistent performance, whilst still offering future growth opportunities. We enjoyed working with GBH Law on the transaction and would certainly recommend them to anyone considering an exit from their business.”
For more information about the corporate team at GBH Law click here, or to discuss any corporate or other business legal advice you may require, please contact Kate Doody.