Travers Smith LLP has advised Staci SAS on its acquisition of 100% of Michael Davies & Associates Limited, which trades as "mda". Founded 30 years ago, mda is the UK leader in marketing logistics and fulfilment, with £50 million revenue for 2017. The business was acquired from Bunzl plc.
Staci SAS is backed by Cobepa, a private equity fund with offices in Brussels and New York, and is one of the leading marketing logistics and fulfilment businesses in Europe, with EUR 172 million revenue for 2017.
Wayne Chapman, mda's Managing Director who will be staying on with the business, commented: "mda wasn’t up for sale, but Staci recognised the fantastic service and value we deliver and the fit between both companies really is perfect. This is going to create a lot of opportunities for growth and learning for existing and prospective team members and clients in the UK and Europe".
The Travers Smith team was led by Corporate Partner William Howard, together with Corporate Associates Ben Hanglin and Alexander Cohen-Santi. Tax advice was provided by Partner Simon Yates and Senior Associate Silvana Van der Velde.