Shakespeare Martineau advises on disposal of Profile Consultancy
Shakespeare Martineau acted for the shareholders of UK’s leading service charge consultancy Profile Consultancy Ltd on its disposal to Bellrock, leading estate management provider, for an undisclosed sum.
Profile, based in Bedford and York, is the market leader in service charge and insurance management, with a track record of delivery, currently managing some £250m of service charges each year. Their customer base is predominately blue chip retail and leisure businesses. With this acquisition Bellrock, backed by Lyceum Capital, has become the leading independent specialist provider and is the natural partner for all tenant service charge needs.
The Shakespeare Martineau team provided legal advise to the shareholders of Profile was led by Adam McGiveron, partner, who commented: “Shakespeare Martineau is delighted to have been able to work with the shareholders of Profile on this deal, and complete the transaction for them. We have worked with the shareholders for a number of years and I truly think this is a good example of lawyers becoming trusted advisor to our clients. The sale to Bellrock was an excellent fit for them and a good solution for the shareholders, staff and customers”.
The deal completed with corporate finance advise being provide by Satvir Bungar at BDO Birmingham.