Osborne Clarke has advised the shareholders of industry-leading third party logistics (3PL) and fulfilment specialists Synergy Retail Support Ltd on the sale of a majority equity stake to a London-based private investment company.
The Osborne Clarke team was led by head of the Thames Valley office and corporate partner Robert Wood and included corporate associate director Robert Pook and corporate associate Chris Flach. Partner Danielle Kingdon and associate Dan Charie advised on the employment aspects, with partner Erika Jupe and associate Ben Doeh advising on tax.
Synergy was established over 13 years ago and led by shareholders Gary Rees and Nick Demetriou. It is located in Northampton with over 600 team members processing and distributing tens of thousands of orders and returns daily. The company also offers a wide range of 3PL and fulfilment services including returns management, luxury brand services, co-packing, VAS and mould treatment.
Synergy's client base ranges from eCommerce brands to high street retailers with a strong presence across the fashion, health & beauty, food & beverage, gift & toys, and household FMCG sectors.
The transaction has enabled Nick Demetriou to exit the business in full. CEO and Founder Gary Rees has realised a significant amount of the value he has created whilst retaining a minority equity stake. Gary Rees will continue to lead the business through its next stage of rapid growth which anticipates expanding Synergy’s presence within the UK, as well as in the US, EU and LATAM in the near future. The investment will also provide additional capital to allow the business to increase its technology and automation development.
HMT corporate finance also acted on the transaction.
Osborne Clarke’s Corporate team's clients range from global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.