Bedell Cristin advises on the acquisition of Spar in the Channel Islands
12 June 2012
Bedell Cristin has advised Jersey company Jmart Limited (Jmart) on its acquisition of Spar (Channel Islands) Limited (Spar CI) and The Channel Island Wholesale Group (CIWG).
Spar CI, which holds the Spar brand franchise for the Channel Islands, owns and operates the 19 Spar stores Island-wide and has operated in Jersey for 20 years.
CIWG is a leading independent wholesale supplier which supplies the retail industry in Jersey, and which has operated in Jersey for over 23 years.
The Bedell Cristin team was led by partners Guy Le Sueur and Tim Pearce with assistance from Will Austin-Vautier, Mark Nisbet and others. Commenting on the acquisition, partner Tim Pearce said: “We are delighted to have assisted Jmart in this landmark local acquisition of these well known local businesses. The transaction was complex, and required significant effort on the part of our different teams to achieve completion within the agreed timetable.” Head of Employment Vicky Milner said: "Spar and CIWC have a considerable combined workforce. I am pleased that we were able to assist in this important transaction, which will contribute to the ongoing success of Jersey's wholesale and retail businesses."