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JOELSON ASSISTS WITH ACQUISITION OF GRIMSBY FISH MERCHANTS

New England Seafood International (NESI) has acquired Grimsby fish merchants Albert Darnell Holdings Limited thanks to advice from well-established commercial law firm Joelson.

The firm based in the heart of London worked on behalf NESI, who supply fish to the like of Marks & Spencer and Waitrose, to complete the acquisition of the entire issued share capital of Albert Darnell Holdings from the company’s shareholders, Arctic Waters Limited and Michael Woods.

During this undertaking the firm’s experienced legal team, led by Corporate partners Phil Hails-Smith and Richard Barnett provided advice and support with a complex pre-sale reorganisation of the various Albert Darnell subsidiary companies.

They were assisted by Associate Shula Hagan and Solicitor Sally Goodhall, who helped ensure the sale went ahead.

Dan Aherne, CEO of New England Seafood International, commented on the transaction stating that he was “extremely impressed with the professionalism of all of the Joelson team, who worked tirelessly and have been hugely supportive to help us get this deal across the line”.

The acquisition has already been bolstered by NESI who have purchased new land to enable the Grimsby fish merchant to expand its operations.

Phil Hails-Smith, Corporate Partner at Joelson, said: “We are so pleased to have helped NESI on this transaction.

“This acquisition represents an important step in NESI growth and I am glad that our assistance on this issue has led to such a successful outcome for all.

“It has been a pleasure working with Dan and the team at NESI on this key strategic acquisition.”