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Higgs act on cross-border disposal of Victoria and Albert Baths

2nd November 2017

Higgs act on cross-border disposal of Victoria and Albert Baths

Higgs & Sons has acted on the disposal of Victoria + Albert Baths, the luxury high end British brand, to New York Stock Exchange listed Fortune Brands Home & Security Inc.

Headquartered in Telford, and with interests in South Africa, USA, Canada and Australia, Victoria + Albert Baths has a leading worldwide reputation for creating beautiful freestanding baths, basins and bespoke bathroom furniture.

Nick Taylor, Partner and Head of Corporate at Higgs & Sons, said: “A number of different specialist lawyers at Higgs were involved in this cross border deal, and everyone worked extremely hard to deliver the transaction against extremely tight timescales.

"Working hand in hand around the clock with clients, other international professional advisors on both sides of the deal, and the buyer, it was a real team effort.

“Having had an excellent working relationship with the shareholders of the business over the last 10 years we are delighted to have now helped them conclude this transaction.”

Edward Fox-Davies from V+A Baths commented: “We understood from the outset that we were going to be up against some very tight time constraints on this deal, but, thanks to the tremendous efforts and diligence of the team at Higgs & Sons, their pro-active approach, and their experience in transactions of this nature, the deal progressed seamlessly.”

 

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