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Howes Percival takes over US automobile group

No figures were disclosed for the deal, which saw branches in Bishop’s Stortford, Hemel Hempstead, Hertford and Stevenage acquired from L&L Automotive.

The deal follows a number of high-profile transactions by the Automotive team, including representing dealer groups Steven Eagell, Listers and FRF in the purchase of the entire network of 19 Toyota and Lexus dealers from Motorline Limited last year.

Howes Percival’s expertise in the automotive retail sector and extensive resources were once again crucial to the success of the latest transaction.

Led by Tom Redman, corporate partner and head of the automotive department in the Milton Keynes office, the Howes Percival team included corporate lawyers Ben Hancox, Bradley Johnson, Olivia Robinson and Shivani Sehmi.

Marcus Carter, Graham Jones and Charlotte Harrison handled the real estate law, while Hannah Pryce, Sobia Ahmad and Anna Bithrey handled the employment law.

Commercial law was handled by Mayoori Ravichandran, while Zara Khan and Stephen Ruse handled IP matters. Robert Starr (regulatory), Bilal Ehsan (immigration) and Simon Franklin (construction) completed the Howes Percival team.

Tom Redman, Corporate Partner and Head of Automotive at Howes Percival

Redman said: “We are delighted to have represented Group 1 Automotive in this acquisition. We are once again pleased to be able to offer the necessary resources and automotive retail expertise to complete a multi-site transaction, while continuing to support Group 1 in expanding its UK operations. We wish them every success in integrating the new dealerships into their existing portfolio.”

Law firm Hill Dickinson acted for the sellers and law firm Birketts acted for the management. Freeths represented MBFS and CMS acted for the Bank of East Asia.

Its UK network includes offices in Cambridge, Norwich, Milton Keynes and Northampton in the east of England.