Dentons advises Axle Group on its sale to Halfords
Dentons has advised the shareholders of Axle Group Holdings Ltd (National) on the sale of National to Halfords Group plc for circa £62 million.
Halfords is the UK’s largest retailer of motoring and cycling products and services.
National is a well-established business in the tyre and automotive servicing, maintenance and repair market, operating under the following brands: National Tyres and Autocare, Viking Wholesale Tyres and Tyre Shopper. The transaction completed on 9 December and National will now be integrated into Halfords’ Autocentres business.
Alan Revie, chairman of National said: “It was a pleasure working with Dentons on this important deal. We are grateful to Iain and his team for their pragmatic advice, seamless support and professionalism throughout this process.”
Iain Sutherland, UK corporate partner at Dentons, said: “It has been a real privilege to assist our long-standing clients on this successful, high profile, exit.”
The Dentons team was led by Iain Sutherland with support from corporate senior associates Nicola Rae and Rachel McNeill, corporate associates Lamia Al-Lamki and Colm Kerr and corporate trainee Giulia Ross. Teams from real estate, banking, PRM, Tax and TMT also provided support.