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Deal with a twist
Partner Gary Caplan has recently advised Benelux owners in the sale of their shares in CCI Distribution Limited, a distributer of data storage and multimedia products based in Harrogate. The company which has annual revenues of over £35m and 60 staff has been purchased by another larger distributor, CMS Peripheralswhich is based in London.
The transaction was a little unusual in that legal opinions also had to be obtained from Dutch and Luxemburg lawyers about the constitution of the sellers and their capacity to enter into the transaction.