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Birmingham-based law firm Wilkes has advised on the successful multi-million pound sale of the entire issued share capital of Johnsons Cars Limited to AWR Holdings UK Limited, part of the UAE-based AWR Rostamani Group.
As part of the wider transaction, Johnsons Cars Limited also completed the sale of its Toyota and Lexus dealerships to Beadles Medway Limited, a subsidiary of Group 1 Automotive Limited, and further strengthened its portfolio with the acquisition of the VW Bilston dealership from Greenhous Group Limited.
At the time of the sale, Johnsons Cars Limited operated 53 dealerships across the UK, representing 15 brands including Volkswagen, Škoda, Ford, Hyundai, Jeep, Suzuki, Mazda, Honda, Cupra, Fiat, Abarth, Alfa Romeo, Seat, Volkswagen Commercial, Ford Commercial and Volkswagen Trade Parts Specialist.
The deal marks the latest milestone in Wilkes’ long-standing relationship with Johnsons Cars, where the firm has supported the business with strategic acquisitions and disposals as well as extensive real estate work across its portfolio of more than 50 dealership properties nationwide.
The Wilkes team was led by Senior Partner, Gareth O’Hara (Corporate), supported by Partner, Mark Hodgson (Real Estate), Partner, James Leo (Employment), Associate Solicitor, Matt Hartas (Corporate), Solicitor, Emma Richardson (Corporate), and Paralegal, Matt Workman (Corporate).
Commenting on the deal, Gareth O’Hara, Senior Partner at Wilkes, said:
“We are really pleased to have supported Johnsons Cars on this important sale. Having worked with the business for over 20 years, we have advised them on a wide range of matters, and it’s rewarding to see the shareholders reach this milestone. This transaction reflects the strength of our long-standing relationship and the way our corporate, real estate and employment teams work together to support their business.”
Mike Berwick, Chief Executive of Johnsons Cars Ltd, said,
“Our relationship with Wilkes spans over 20 years and has grown alongside our business. Wilkes have advised us on everything from acquisitions and property matters to day-to-day legal support. That continuity, depth of understanding of our business and the trust we’ve built over time, meant Wilkes were the only firm with the expertise we wanted by our side for the sale of the group.”
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About Wilkes
Wilkes are one of the leading independent medium-sized UK law firms operating nationally and internationally from the Midlands region. The firm provides a wide range of specialist expertise aimed at our core clients – SME businesses, entrepreneurs, individuals, financiers, charities and public sector. With offices in central Birmingham, we pride ourselves on our partner-led service, backed up by almost 200 associates, assistant solicitors and support staff.
We provide a partner-led service, both nationally and internationally through our international associations.
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