The £5 million transaction was effected by Peel Hunt, which purchased the tendered shares as principal through a put option structure, enabling the subsequent transfer of the shares to Colefax for cancellation.
Colefax Group plc designs luxury fabrics and wallpapers and is a long-standing client of Reed Smith, with Delphine Currie serving as the client relationship lawyer. The transaction further demonstrates the firm’s established relationship with Colefax and its experience advising long-term clients on equity capital markets transactions.
The Reed Smith team was led by equity capital markets partner Samantha Myers and senior associate Kat McGriskin, with support from associate Vivian Chan.
About Reed Smith
Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, we deliver smarter, more creative legal services that drive better outcomes for our clients. Our deep industry knowledge, long-standing relationships and collaborative structure make us the go-to partner for complex disputes, transactions, and regulatory matters.