Royds Withy King advises on the sale of Banks Sadler Group
Lawyers from Royds Withy King’s Corporate & Commercial team advised the shareholders of international event management agency, Banks Sadler Group Limited, on its sale to American Express Global Business Travel (GBT).
Banks Sadler, which employs around 250 people and has offices in London, York, Windsor, Paris, Dusseldorf and New York, is recognised as one of the leading names in the event management and venue sourcing sector. Following completion of the sale, the company and its staff have become part of the GBT group and will operate as part of American Express Meetings & Events.
John North and Ivelina Morris of Royds Withy King’s Corporate & Commercial team in London advised the shareholders of Banks Sadler on all aspects of the deal. John, head of the team, said: "It was a pleasure to have worked with the shareholders and management team at Banks Sadler in bringing this matter to a successful conclusion. Liaising with our legal contacts in New York, Paris and Dusseldorf we were able to ensure that the matter completed on target so that Banks Sadler could start the next phase of its history as part of the GBT group at the beginning of September."
Commenting on completion of the sale, CEO of Banks Sadler, Leigh Jagger, said: "We bring an independent and entrepreneurial agency mindset to the table. This, combined with the expertise possessed by one of the largest travel, meetings and events companies in the world, will generate massive opportunities for the business and our customers."
American Express GBT is present in nearly 120 countries and provides end-to-end corporate travel and meetings programme management. Their focus is on customer experience through technology, analytics, strategic partnerships and customer care.