Law firm Pinsent Masons has advised forklift truck distributor Briggs Equipment 海角视频 on a 拢200 million long term asset based financing, to assist its development plans.
Briggs is the 海角视频 arm of Briggs International, the world鈥檚 largest global distributor of Yale and Hyster Materials Handling equipment.
Briggs has more than 1,100 employees and manages its national service and commercial operation from its headquarters in Cannock, Staffordshire, with depots across the country.
The Pinsent Masons team advising on the deal was led by structured finance partner Edward Sunderland assisted by associate Victoria Baker and Solicitor Jason Lekerman.
Mr Sunderland said: 鈥淏riggs is a significant and successful local business, and it was a pleasure to advise them.
鈥淚t was a real team effort on both sides, working hand in hand with Peter Jones and Harjinder Kandola to bring their financing strategy to fruition, to support Briggs鈥 future growth plans.鈥
Peter Jones, Briggs Equipment 海角视频鈥檚 CFO, added: 鈥淲e were delighted with the support that Pinsent Masons provided to us on this financing. 鈥淭hey worked extremely closely with us and our US colleagues, providing clear and pragmatic advice on complex issues throughout the process, and helped us deliver the deal within the agreed timeframe.
