LONDON – The international law firm of McDermott Will & Emery advised CD Bramall plc, one of the largest UK motor vehicle retailers, on the recommended offer by Pendragon plc for the whole of their issued and to be issued share capital. Pendragon are offering 600p per share which values CD Bramall at approximately £230m.
Pendragon, whose Midlands Ford franchises fit well with Bramall’s strengths in the North-East, also have operations in Germany, the UK and U.S.
The London team which advised Bramall consisted of Katie Clark, employment associate, who advised on a number of employment issues and David Dalgarno, partner, who advised on pensions aspects.
The CD Bramall Group is one of the UK’s largest motor car and truck retailers with a total of 133 franchises from 111 outlets and is also involved in leasing, contract hire and rental of vehicles. CD Bramall’s car division includes franchises with Audi, BMW, Citroen, Ford, Jaguar, Land Rover, Mercedes-Benz, MG Rover, Peugeot and Vauxhall.