Independent UK law firm Burges Salmon has advised Savalas Limited, a Glasgow-based post-production facility, and its joint administrators Paul Dounis and Gareth Harris of RSM UK Restructuring Advisory, on the pre-pack sale of Savalas’ business and assets.
The sale ensured continuity of service for existing projects and contracts and the smooth continuation of a business in Scotland’s important creative sector, identified by the Scottish Government as contributing more than £5 billion to the Scottish economy every year.
Specialists from Burges Salmon’s Restructuring team advised on the sale, led by partner Emily Scaife and director Nick Middleton.
Nick Middleton comments: “Working in close collaboration with Savalas and RSM UK, our collective efforts meant we could facilitate a quick sale to ensure business continuity for Savalas’ customers and the continuation of a key business in Scotland’s creative sector.”
Paul Dounis, RSM UK restructuring advisory partner and Joint Administrator, says: “This pre-pack sale to the management team has enabled Savalas Post Limited to continue as a post-production business operating out of its current premises at Film City Glasgow.”