International law firm Taylor Wessing has advised Rutland Partners on its £33 million investment into UK based Walstead Group, and the combined group on its acquisition of Let’s Print Holding AG. The overall transaction has an enterprise value of c.€175 million.

The combined Walstead and LEYKAM Let’s Print group will have pro-forma annual revenues of EUR €490 million and employ over 2,000 staff at 11 production facilities in five countries. Mark Scanlon and Paul Utting will continue to lead the enlarged Walstead Group as chairman and CEO, respectively.

Private equity partner Edward Waldron together with senior associate Jonny Bethell and associate Catherine Williams led on the transaction in London, with support from private equity partner Nick Hazell. Cross practice support from across the firm included Martin Yells and Gabriel Estevez (finance), Sean Nesbitt, Joe Aiston and Kate Potts (employment), Emma Oakley (real estate), and Rob Young and Eithne James (tax).

Corporate partner Philip Hoflehner from the Taylor Wessing office in Vienna led on the acquisition of LEYKAM Let’s Print with assistance from colleagues in the Czech Republic and Germany.

Oliver Jones, partner at Rutland, said: “We are delighted to support Walstead with this transformational deal. This was a complex multi-territory transaction, and Taylor Wessing deployed a high quality team across Europe. That enabled a joined up approach and ensured we had the right legal support on all the key aspects of the deal.”

Edward Waldron, partner in the corporate group at Taylor Wessing said: “It was a pleasure to work once again with Rutland on this deal and to support them on this pan-European transaction from across our European offices. It’s a very exciting investment for Rutland and for Walstead and we look forward to working with them going forward.”