Global law firm White & Case LLP has advised discoverIE Group plc (discoverIE) on the sale of its Custom Supply distribution business (Acal BFi) to H2 Equity Partners.
"This deal demonstrates White & Case's strong public company expertise and market leading credentials in complex, multi-jurisdictional carve-out transactions," said White & Case partner Guy Potel, who co-led the Firm’s deal team. "Our relationship with discoverIE goes from strength to strength, and it is particularly rewarding to have been able to play a part in continuing to help discoverIE deliver on their strategy."
discoverIE is an independent designer, manufacturer and supplier of electronic components and has a market capitalisation of over £1 billion. It is a member of the UK's FTSE250 and continues to expand aggressively following this strategic disposal.
Acal BFi is a pan-European distributor and provider of value-added design solutions, electronic components, and custom products across a broad range of technologies and applications.
"This transaction involved a huge collaborative effort from White & Case teams across the UK, France, Germany, Belgium, Italy and Sweden and reinforces our reputation for being able to deliver seamless and effective service coordinated between our offices," added Potel.
The White & Case team in London which advised on the transaction was led by partners Guy Potel, Margot Lindsay and Lindsey Canning and associate Edwina Daws.
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