Charles Russell Speechlys advised long-standing client Trifast plc (main market listed) on its acquisition of Precision Technology Supplies Limited, a key supplier and distributor of stainless steel fastenings in the UK.

The transaction involved an upfront cash payment, followed in due course by a further cash payment based on the performance of the business.

The cash amounts were provided under Trifast’s Accordion banking facility with HSBC.

The team at Charles Russell Speechlys consisted of Richard Norton and Rebecca Brown (Corporate), Naomi Nettleton (Real Estate), Kelly Evans (Employment) and Martin Griffiths and Andrew Priestley (Tax).