Hillendale dealerships bought in £8m deal

Lawyers at Napthens have advised the shareholders of the Hillendale Group on its sale to Vertu Motors plc, the sixth largest automotive retailer in the UK.

Vertu Motors, based in Newcastle, will pay £6m in cash and issue 3.4 million shares worth £2m to the vendor, who has undertaken not to sell for 12 months.

Corporate partner Keith Melling led the team who advised the shareholders . He was assisted by Claire Hynes, Richard Robinson, Dan Boulton and Charlotte Nuttall.

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