Lewis Silkin advises global logistics group, Global Research Distribution Inc., on sale of Royale Research Ltd (CMS Network) to private equity-owned Secured Mail Group

Lewis Silkin has advised global distribution and logistics group, Global Research Distribution Inc., on the sale of Royale Research Limited (trading as CMS Network) to Secured Mail Group, a portfolio company of private equity firm Next Wave Partners. Global Research Distribution Inc. is a US company and was the majority shareholder of CMS Network through associated company CMS Graphics Inc.

Next Wave Partners has created The Delivery Group, formed to combine CMS Network (UK) (“CMS”) with its existing portfolio company, Secured Mail. CMS offers its clients a value-added complete mailroom outsourcing solution with significant clients in the financial and media sectors. Secured Mail is a highly automated downstream access mail and e-commerce logistics operator with a national infrastructure and is building on its impressive growth track record to provide innovative services in the UK and internationally to both its existing mail clients and new ecommerce and retail clients.

Steve Libroia, CFO of Global Research Distribution Inc., says:

“This transaction stands as testament to the quality, customer service-focussed culture and global reach of CMS Network’s mailing solutions services for the business world. As a US domiciled business, it proved invaluable having the Lewis Silkin team assist us with navigating through the corporate and regulatory demands of this UK M&A transaction and the team also helped enormously with important tax aspects that were key to the completion of this deal”.

The Lewis Silkin team that advised on this transaction was led by Corporate partner Paul Rajput and he was supported by Corporate Tax partner Matthew Rowbotham, Corporate associate Daria Evdokimova and Peter Violaris, associate in our Media, Brands & Technology team.

Paul Rajput says:

“This deal provided us with an excellent opportunity to assist Global Research Distribution Inc. on corporate, M&A and commercial contract matters as well as to assist in a pre-completion tax restructuring solution that expertly covered the combined management buyout of CMS and sale to Secured Mail Group and Next Wave Partners”.

For further information please contact:
David Lawrence
Business Development Manager, Lewis Silkin
Tel: 020 7074 8260
Email: david.lawrence@lewissilkin.com

Scott Addison, Anna Younger or Tal Donahue
Infinite Spada
Tel: 020 7269 1430
Email: lewissilkin@infinitespada.com