Midlands law firm Thursfields has helped Worcestershire-based communications agency DRP Holdings in its purchase of Penguins, the Windsor-based events company.
Thursfields advised on the corporate, employment and property aspects of the deal.
The purchase means that DRP has increased its team to more than 220 staff across the Midlands, London, Leeds and Windsor.
The team from Thursfields Solicitors included corporate director Gareth Burge, commercial property director Nick O’Hara and commercial director Michelle O’Hara.
They were joined by Tim Edwards, senior associate in Thursfields’ corporate division, and trainee solicitor Joe Rollins.
Mr Burge said: “Thursfields has growing experience in the creative and events sector and Penguins is an excellent match for DRP’s ongoing expansion.
“We were delighted to play a part in helping to make this happen and now look forward to seeing further success from the DRP group.”
Dale Parmenter, group chief executive of DRP, said: “We were very pleased with wide-ranging and expert advice from Thursfields which helped us to seal this exciting deal.
“Penguins is a well-established, innovative and active agency and we are now looking forward to expanding our capacity and capabilities across the UK.”
Penguins is celebrating its 30th anniversary in the industry and employs 22 people. It works on live events and incentive travel solutions, with clients including Honda, GSK, British Airways, and Unilever.
Black Country accountancy firm Price Pearson advised on the tax and accounting aspects of the deal.
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For further information, please contact:
Gareth Burge, Director
Thursfields, 9-10 The Tything Worcester Worcestershire WR1 1HD
Steve Dyson, ASAP PR, mobile 0781 8004575.
Twitter - @Thursfields
LinkedIn - www.linkedin.com/company/thursfields
Notes to Editors
Thursfields Solicitors is one of the region’s longest established and reputable law firms. With 140 staff in eight offices across Worcestershire and the West Midlands, Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Sedgley, Stourport-on-Severn, Solihull and Birmingham.