Allen & Overy has advised Modulaire Group on the acquisition of Mobile Mini UK Holdings Limited
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14 December 2022
A&O’s leveraged and trade finance team has advised Modulaire Group, Europe and Asia Pacific’s leading business services company specialising in modular services and infrastructure, on the financings in relation to Modulaire’s acquisition of Mobile Mini UK Holdings Limited from a subsidiary of WillScot Mobile Mini Holdings Corp.
Modulaire is a leader in European modular services and infrastructure. It creates smart spaces for people to work, learn and live. Its business helps customers find the right space solution, no matter what their requirements. Modulaire has operations in 23 countries with over 290,000 modular space and portable storage units and 4,400 remote accommodation rooms. With a national network of 16 locations in the UK, Mobile Mini UK is a leading supplier of steel storage and accommodation units across numerous sectors including construction, retail, manufacturing, healthcare, and education. Mobile Mini UK has approximately 42,000 units, 375 employees and an annual revenue of approximately GBP80m.
The A&O team was led by leveraged finance partners Neil Sinha and Adam Zecharia and trade and commodity finance partner Catherine Lang-Anderson. Other A&O team members included counsel Niamh Dennehy-Maher and senior associates Sherry Khalili and Tristan Jambu-Merlin, associates Jocelyn Ho, Alex George, Nahima Parvin, Quitterie d'Andoque and trainees See Hyun Park and Alexander Brown.
The transaction, which is subject to UK regulatory approval, is expected to close in Q1 2023. A&O previously advised Brookfield on its loan and high yield financing package for its acquisition of Modulaire in 2021.