ORPEN FRANKS – KINGS LAUNDRY / ELIS DEAL
Orpen Franks, Corporate Commercial Team are delighted to have been involved in the sale of Kings Laundry Limited (Kings) to a French plc, Elis S.A. Elis is an international multi-service provider, offering textile, hygiene and facility services solutions across Europe and Latin America. Kings is a nationwide leader in the supply of linen to the hospitality sector.
Peter Walsh and Claire Morgan led a team that worked closely with our clients, Robert McGovern and Alan Murphy, in the smooth sale of Kings to Elis.
This was an intensive wide-ranging transaction with the Orpen Franks team working alongside accountants Brian Geraghty and Emma Shortt of Crowe Ireland to manage all aspects of the matter from the broad due diligence process through to the preparation, negotiation and execution of the transactional suite.
The deal remains subject to regulatory approval and is expected to occur by the end of the year.
We are delighted to deliver this result for our valued clients who will be remaining on in the senior management of Elis’s Irish operations.
There was coverage of the deal in the international and financial news including local coverage in the Irish Times.