Burges Salmon has advised the shareholders of Orange Mountain Bikes (OMB), one of the UK’s most successful performance mountain bike manufacturers, on the sale of the company to Bairstows, its main UK frame supplier.
OMB led the field in the development of the initial mountain bike revolution in the UK and created some of the most iconic performance mountain bikes in the world. Its sale to Bairstows will help to secure quality engineering and pioneering technology in the UK performance mountain bike industry.
The Burges Salmon team, led by Corporate partner Richard Spink and associate Mark Cook, advised the shareholders of Orange Mountain Bikes on all legal aspects of the deal.
Richard Spink said: “We’ve known Lester and Steve at OMB for several years and we are delighted to have acted for them on the sale. The sale represents an important milestone in the future development of OMB and we are very happy to have played a part in that process and to have helped secure a successful outcome for the shareholders.”
Exiting shareholder, Lester Noble said: “We always expected a highly professional service when asking Richard to help us through the process but what impressed me most was the constant and extremely prompt communication from the whole team in dealing with the many issues. It was great to have Burges Salmon on our side.”