Finance experts from law firm Watson Burton have advised global manufacturer International Pipeline Products Limited (IPPL) on a two-stage deal which will see the business relocate its head office from North Yorkshire to the North East.
Senior partner Gillian Hall and associate Paul Wigham of the law firm, which has offices in Newcastle and London have helped IPPL execute the first stage of its expansion.
The initial phase, completed in May, saw Hall advise investors on the management buyout of the business from existing shareholders.
After this, under the management of MD, Simon Bell, Wigham advised the team in securing £500,000 worth of capital from fund manager FW Capital.
Wigham said: “This was a strategically important deal for IPPL. The business already has a fantastic global reputation for pipeline production with 84% of its turnover originating from global exports. With a freed up management team and further investment, the business will enjoy continued success and we are delighted to have helped them on this matter.”
Established in 1984, IPPL is a world leader in the manufacture and supply of pipeline maintenance equipment.