Moorcrofts LLP advises on restructuring of RAW Global group of companies
Leading Thames Valley Corporate Law Firm, Moorcrofts has advised RAW Global Limited on a corporate restructuring.
RAW is a leading specialist provider of response and remediation services for inland oil spills, operating across the world from its total of 18 offices in the UK and Ireland (including its Sandhurst head office).
The restructuring (which included a share reclassification, a dividend in specie, a reduction of capital and a new shareholder’s agreement) has resulted in directors John Stainton and Neil Stothert acquiring control of RAW Global from Jeremy Randall and Stephanie Randall, with Jeremy and Stephanie in turn acquiring from RAW Global its wholly-owned subsidiary, RAW Connect Limited. RAW Global will now refocus on its core markets in the UK and Ireland, while RAW Connect has assumed responsibility for RAW Global’s former business interests in China.
The restructuring also involved a restructuring of term loan facilities provided by Santander UK plc and a new invoice finance facility from ABN Amro.
Neil Stothert, the managing director of RAW Global Limited, said:
“We were introduced to Moorcrofts by Peter Woolley, who first acted for RAW Global Limited on the 2015 management buy-out. I was impressed with Moorcrofts’ professionalism and their ability to keep things moving in such an effective way. It was a really great experience working with Peter again, and we also enjoyed working with the wider Moorcrofts team.”
Peter Woolley commented as follows:
“We are extremely pleased to have helped RAW Global with their restructuring and refinancing. I hope that RAW Global and RAW Connect will continue to thrive in their respective markets. We hope that we will have the opportunity to work with RAW Global on other projects in the future.”
If you are considering a demerger or any other form of corporate restructuring or reorganisation, please feel free to contact Peter Woolley.