The law firm Womble Bond Dickinson advised the shareholders of Cleveland containers on a major minority investment transaction in the company by LDCsthe leading mid-market private equity firm in the UK.
The successful family business, which was crowned Teesside Business of the Year at the North East Business Awards last week, will work with LDC, the private equity arm of Lloyds Banking Group, to support its next stage of growth. Use this investment to advance its expansion plans and improve the sales and rental offering, which will create new jobs and opportunities for existing employees.
Cleveland Containers is run by husband and wife Johnathan and Jane Bulmer, specializing in the supply of shipping containers and on-site accommodation units for sale and rent. Having secured a number of successful contracts with national home builders, construction companies, high street retailers and used container conversions for hospitality projects including BATTERY Seaburnthe company has continued to expand and currently serves more than 4,500 customers.
The WBD team advising Cleveland Containers was led by Partner Robert Phillips, Partner James Cook and Partner David Ridley, from the firm’s Newcastle and Leeds corporate and private equity teams. The trio was supported by a multidisciplinary team of specialists with solid experience in private equity investments.
Robert Phillips of WBD commented:
“Womble Bond Dickinson has a long-standing relationship with Cleveland Containers and LDC and we are proud to have helped shareholders on such an exciting journey to support their future growth plans. Cleveland Containers has gone from strength to strength in recent years, and we look forward to seeing how this new partnership with LDC will continue to fuel the company’s impressive growth.
Cleveland Containers General Manager Johnathan Bulmer said:
“It was a pleasure to work with the teams at Womble Bond Dickinson and in particular Robert, James and David with their extensive private equity experience. They were approachable and made their advice easy to understand throughout – this, combined with their expertise, gave us a lot of confidence as we took this next step in the business.
“I am truly proud of everyone at Cleveland Containers. The team has worked tirelessly to solidify our market leadership position and with the support of LDC, we are now able to further strengthen our business. never enough support from our Advisors to make this a reality and help us reach a really exciting point in our journey.We feel very supported to continue our growth from our base here in the North East.
Ranked among the UK’s top 20 law firms, WBD provides legal expertise in its key areas through seven offices in the UK and 19 offices in the US. The firm has a large corporate practice in the UK, advising national and international clients on a wide range of corporate transactions, in particular mergers and acquisitions, private equity investments, IPOs and joint ventures, as well as growth and development capital fundraising.