Durham City’s leading law firm, Swinburne Maddison LLP, has been instrumental in helping to secure the future of the Weardale Railway after it was placed into administration. The heritage railway had been running across the North Pennines for more than 170 years, over a 19-mile track between Eastgate and Bishop Auckland, but had been experiencing […]
Category: Deals
Durham law firm concludes sale of games business to Swedish buyer
Swinburne Maddison LLP has recently completed the sale of Silent Games, a game design studio in Newcastle to Amplifier Game Invest AB (Amplifier), for an undisclosed sum. Amplifier is a subsidiary of the listed Swedish Embracer Group, the acquisition of Silent Games being one of 12 such global transactions recently completed by the Group […]
Leading Durham law firm in dealmaking boom
The corporate team at Swinburne Maddison, led by partners Martyn Tennant and Alex Wilby, is reporting an extremely successful period in which it has completed a number of significant instructions, creating and securing many regional jobs and boosting local prosperity. On the back of such successes, the team is looking confidently ahead with a number […]
Acquisition by County Durham engineering company preserves Ashington business
Durham City’s leading law firm, Swinburne Maddison LLP has advised Bishop Auckland-based Teescraft Engineering Ltd (TEL) in connection with the acquisition of Ashington based UTEX, who provide components into CAT Peterlee and Komatsu among others. Teescraft seized the opportunity to acquire the trade and assets of the metallic division of UTEX Industries UK Limited, when […]
Swinburne Maddison advise on 250k investment
Maven Capital Partners, advised by Swinburne Maddison LLP, has invested £250,000 in pioneering automotive styling centre, Muss Media Ltd (“Muss Styling”). The funds raised were provided by the Finance Durham Fund and will enable the company to invest in its design, sales and marketing functions, roll out a national car dealership engagement strategy and employ […]
North East sheets & panels set to grow as investment backs MBO
A County Durham manufacturing company is poised to grow its current £5.16m turnover after an investment package from two leading finance providers backed a successful management buyout. The buyout of North East Sheets and Panels Limited (NESP), based in Derwentside, was completed by Richard and Lisa Williams. They secured investments of £200,000, made up of […]
Online travel agent VCH picks Stockton as destination for growth
An ambitious online travel agency is choosing Teesside as its destination for growth after securing a six-figure investment from the Northern Powerhouse Investment Fund (NPIF). VCH Travel uses a bespoke ‘destinationless’ search system developed in-house which processes millions of pieces of data in just a few seconds to offer customers holiday options that are tailored […]
20 million finance Durham fund invests 650,000 in biomass energy plant
The Finance Durham fund has completed a £650,000 investment in Consett-based biomass energy plant, SDS Inc Limited (“SDS”). SDS generates heat, gas and electricity from wood chippings, producing solid wood fuel briquettes, a cheaper alternative to the traditional seasoned hardwood used for wood burning fires and stoves. The investment will allow SDS to purchase additional machinery to […]
Durham law firm completes tenth deal for leading city software house
Swinburne Maddison LLP, (Swinburne Maddison) Durham City’s pre-eminent law firm, and one of the leading law firms in the North East, has completed advice on its tenth commercial contract in 12 months for Singletrack Systems Limited (Singletrack), a financial software house based in the City of London. Singletrack operates exclusively in sell-side capital markets to […]
Swinburne Maddison acts in Thornaby plant firm acquisition
Swinburne Maddison LLP (Swinburne Maddison), Durham City’s pre-eminent law firm, and one of the leading law firms in the North East, has advised Teescraft Engineering Limited (Teescraft) on the acquisition of the entire issued share capital of LH (Quarry Plant) Limited for an undisclosed sum. The deal, which also included the acquisition of Baxter Crushers Limited, […]