UK law firm Ashfords advised the shareholders of Valeport, a Devon-based marine technology company, on its sale to subsea technology company Teledyne.
Corporate partner Andy Young led the team at Ashfords advising Valeport alongside corporate associate Liam Trevethan with expertise from James Heath (real estate), Angus Bauer (tax), Michael Alden (trust and estates), Kirstin Cook (trust and estates), Su Apps (employment), Jonathan Hyde (banking and finance), Rebecca French (corporate), Freddie Forkuo (corporate), Brett Lambe (commercial and IP) and Hannah Pettit (data protection).
Matthew Quartley, the managing director of Valeport up to completion of the sale, and a selling shareholder stated: “We had no hesitation in appointing Ashfords to act for us in the sale of our business. Never having been through this experience before, we could have been somewhat overwhelmed, but Andy and his colleagues provided us with calm, considered advice at every stage of the proceedings, and we ended up with a deal with which both sides are extremely happy.”
Ashfords’ corporate team is committed to supporting businesses to deliver successful strategies and growth plans across a wide range of corporate transactions, fundraisings and investments. The team was ranked Tier 1 in this year's Legal 500, with Andy Young listed as a Next Generation Partner. The marine sector is one of Ashfords' specialist areas, with their experts recognised nationally for their work across ports, harbours and coastal developments.
Valeport produces underwater sensors and profilers for environmental monitoring, water survey and scientific research. Established in 1969, Valeport has been designing and manufacturing oceanographic, hydrographic and hydrometric instruments for over 50 years.
Teledyne Marine is a group of subsea technology companies that are part of Teledyne Technologies Incorporated, a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defence electronics, and engineered systems. Teledyne's operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe.
For more information, please contact the corporate team.
