Leading international law firm Hill Dickinson has advised Styles & Wood Group plc, the integrated property services and project delivery provider, on the recommended cash offer by Central Square Holdings Limited. The offer comprises 465 pence in cash per ordinary share, valuing the diluted share capital of Styles & Wood at £42.5 million.

The acquisition is to be implemented by way of scheme of arrangement with final completion is expected to occur in March 2018.

Styles & Wood Group plc operates in a number of sectors, principally commercial, public and community, retail and leisure, and banking and finance.

Central Square Holdings, led by chairman and founder of Clipper Logistics Steve Parkin, specialises in the sourcing, manufacture and management of life-cycle solutions for furniture, fixtures and equipment.

The Hill Dickinson team advising Styles & Wood Group plc was led by Ian Gillis, head of Manchester corporate and Jonathan Gillow, corporate partner, and assisted by Sean Lightfoot and Harriet Watson, corporate associates. Shore Capital & Corporate were the financial advisers to Styles & Wood Group plc. Central Square Holdings Ltd was advised by Pinsent Masons, KMPG LLP and Numis Securities Limited.

Ian Gillis, head of Manchester corporate at Hill Dickinson, comments:

'It was a privilege to work on this complex transaction for Styles & Wood Group plc a long-standing corporate client. The company’s shares are traded on the AIM market and the transaction was subject to the Takeover Code being effected by way of a court approved scheme of arrangement. The Manchester corporate team comprising Jonathan Gillow, Sean Lightfoot and Harriet Watson worked closely and drew on our public markets expertise and experience to ensure that the deal went through smoothly and was a success for our client.'