BBS acts on behalf of shareholders of AA Projects in prelude to full merger with Drees & Sommer

We are delighted to have acted on behalf of the shareholders of AA Projects in relation to the minority investment in the company by Drees & Sommer, which is the first step towards the full merger of the 2 companies.

AA Projects is a highly respected UK property and construction consultancy in six locations across the UK, with 200 employees, for whom we have acted for many years.

Drees & Sommer has 46 locations in Europe, the Middle East, China and the Asia Pacific, with over 4,000 employees worldwide and an annual turnover of €517.2 million (£429.8 million) in 2020.

Through the  investment by Drees & Sommer, AA Projects will be able to build on its current platform creating opportunities for greater access to the market and complementing its existing business plan.

Kenneth Wood, Managing Director, AA Projects said,

“This partnership will provide us with the springboard to expand in existing sectors and markets in the UK where we already have an excellent reputation. It has been a pleasure to once again work with BBS Law who provided strong commercial and legal advice throughout the transaction and we look forward to their continued input in the future growth of our business.”

Dov Black and Rebecca Mills provided the Corporate advice on the transaction, assisted by Paul Stedman, who acted on the Employee Management Incentive (EMI) aspects and Elaine Hackett who provided banking support on the transaction.

Was a pleasure to work with Alex White of KJG, who provided tax advice and support and UHY Hacker Young Manchester, who provided accountancy advice and support.

BBS is delighted at this outcome for a longstanding client and looks forward to working closely with the company in the future.