Browne Jacobson has advised TCL Group on its acquisition of Playforce, the market leader in children’s playground equipment and outdoor classrooms for schools.
Northampton headquartered TCL Group is a leading provider of estate management and landscape installation, design and consultancy services to private and public sector organisations throughout the UK through its six UK offices. Its clients include, amongst others, Barratt Homes, Persimmon Homes, Gallagher estates, Crest Nicholson, Jones Lang LaSalle, Savills and CBRE.
This acquisition, backed by Business Growth Fund, is the third acquisition TCL Group has completed in the past seven months following the acquisition of Burleys and ALS.
In 2014 the Browne Jacobson corporate finance team advised the Business Growth Fund on its initial £10m growth capital investment in TCL Group.
The Browne Jacobson team comprised corporate lawyers Mike Jackson (Birmingham) and Gavin Cummings (Nottingham).
Mike Jackson said:
“This latest bolt-on acquisition is an excellent fit with TCL Group’s strategic objectives. We were delighted to advise TCL Group as it continues to take advantage of new opportunities within the education sector.”
The Business Growth Fund was set up in 2011 to help small and medium sized growing business with a turnover between £5m-£100m with investment growth capital. Operating through a seven office regional network BGF is backed by five of the UK’s main banking groups –Barclays, HSBC, Lloyds, RBS and Standard Chartered.
