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    20-08-2020

    Eversheds Sutherland advises Baird Capital on its investment in eCube 

    Eversheds Sutherland has advised Baird Capital, the direct investment arm of Baird, on its investment in eCube Solutions Limited (eCube).

    Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world.

    eCube is a leading provider of storage, disassembly and parts re-use and recycling services to global aircraft owners in Europe, the Middle East and Asia, including major airlines and aircraft leasing companies.

    Baird Capital’s James Benfield and Andrew Dyer will join the eCube board of directors.

    The Eversheds Sutherland team was led by UK-based corporate Partner Catherine Eley and comprised Partner Carlos Pemán (corporate, Spain), Of Counsel David Williams (corporate, Spain), Principal Associate, James Finney (corporate, UK) and Senior Associate Tom Jackson (corporate, UK).

    The global law firm provided advice on all aspects of the deal including the detailed terms of the acquisition agreement pursuant to which eCube was acquired and the terms relating to Baird Capital’s investment in the acquiring company.

    eCube’s primary operations and headquarters are in St. Athan, Wales, with a second parking and disassembly facility in Castellón, Spain.

    The investment will support the continued growth of the UK business alongside supporting rapid growth in its new continental European facility, expanding parking availability and additional disassembly capacity.

    Catherine Eley said: 

    “We’re thrilled to have supported Baird Capital on the successful completion of this acquisition, which provides a significant strategic opportunity for growth within its target markets. Despite the current challenges of having to complete the deal process virtually, combining our various innovative tech capabilities with a collaborative team effort, proved invaluable.”

    James Benfield, Baird Capital, said:

    "Eversheds Sutherland provided a seamless service delivery and the high level of legal technical excellence associated with the team's reputation. Due to the current challenges facing the market, the deal process's success rested heavily on a truly collaborative approach, and access to innovative legal tech solutions to finalise the deal. We consider Eversheds Sutherland a trusted partner, and we're pleased to complete another deal together."

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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