Members from SM&B’s Corporate and Employment Teams recently advised leading UK property consultancy McBains Cooper (now rebranded McBains) in an acquisition by German Investment Company RSGB Investments. McBains Cooper specialise in project management, surveying, design, architecture, planning, engineering, construction, and sustainability and have a long-standing history in the UK dating back to 1775. They are active in the UK and Europe, and have has been involved in the design and build of many high-end mixed –use apartment and social housing schemes in London, including the regeneration of Battersea Power Station.
McBains Cooper is led by Michael Thirkettle, who was appointed Chief Executive in 2003. Today, Michael Thirkettle said:
“SM&B, led by Natalie Wright, supported the shareholders throughout the process, providing guidance and advice on the legal mine field that comes with a 100% investment such as this. Their expertise was in their strength and depth in strategic and implementation aspects beyond just the normal legal activities of an SPA and due diligence, which was reliable and first class throughout. Always calm and always balanced, identifying the realities of risks with the complexity of the deal, achieving a good result for all involved.”
The investment will allow the growth and development of resources by increasing the depth of service range of McBains Cooper and provides financial resilience for a long term future growth plan. The deal involved international negotiations and utilised the expertise of more than one department from SM&B, resulting in a successfully completed transaction spread over a period of time. Moreover, the deal has secured the position of the McBains Cooper professional structure, so personnel remain unchanged.
McBains Cooper announced this week that their trading name is changing to McBains, to mark the new chapter in their long and successful history.