Steele Raymond LLP advises Robert Braithwaite on the sale of Sunseeker Shares
by Nick Davies, 11 September 2014
One of the South Coast’s leading commercial law firms, Steele Raymond LLP, are extremely pleased to have acted for Robert Braithwaite CBE DL, the founder and driving force behind the landmark Poole luxury boat maker Sunseeker, in relation to the sale of certain of Robert’s shares in Sunseeker to the Chinese conglomerate, the Dalian Wanda Group (‘DWG’).
Following completion of the sale Robert will continue to hold a shareholding in Sunseeker and will also continue as Group President. DWG were represented by city firm, Freshfields and Sunseeker were represented by city firm, White & Case. Robert founded Sunseeker in 1968 and is a long-standing client of Steele Raymond LLP.
The team at Steele Raymond LLP was led by Nick Davies, a partner in the Company & Commercial team, who said: “It was a great privilege to act for Robert Braithwaite in such a significant and high profile transaction. Robert and Sunseeker are excellent local examples of a successful business person building a small start up business into a truly global brand employing thousands of people.
The transaction was highly technical and complex at times but we were able to provide a team of specialist lawyers to advise on all the relevant legal requirements. We wish the new owners of Sunseeker all the best for the future and very much look forward to continuing our excellent working relationship with Robert”
Robert Braithwaite said: “I instructed the company takeover team at Steele Raymond LLP due to their excellent reputation and the strength and depth of their people. The team worked tirelessly to achieve a successful completion of the sale and it was a pleasure to work with such driven, focussed and talented individuals. Like Sunseeker, Steele Raymond LLP has grown to become a leader locally in its field and I very much look forward to continuing my working relationship with the firm for many years to come”.