The corporate team at Cheltenham law firm Lodders has advised the owners of furniture and props hire business Granger Hertzog Limited, on its sale to a new company owned by the founders, management and an employee benefit trust set up for the benefit of its workforce.
Established in 2004, Granger Hertzog offers high-quality and stylish modern and period furniture and props for hire for film, television, commercials, photography and events via its and London showroom.
Graham Spalding, partner in Lodders’ corporate and commercial team, provided advice on the sale. He says: “The sale of Granger Hertzog will see the founder shareholders, Karen and Careen, transition the business over time to new management that is a team of professionals who know the business intimately, and are well placed to take it forward.”
After twenty years in the film industry designing and decorating sets, Karen and Careen created their company to be ‘a thoughtful, inspiring space’ where clients can find high-quality and stylish contemporary furniture and lifestyle pieces for hire.
Paul Southern of Woodside Corporate Finance Limited was lead advisor on the deal, with tax advice being provided by Lisa Stevenson of Parisi Tax.
The deal follows hot on the heels of Lodders corporate and commercial team’s work for Coventry-based Whitehouse Industries Limited on its sale earlier this month of specialist Diaphragm Pump business, Flotronic Pumps Limited, to US corporation Unibloc.