BLACKS SOLICITORS ADVISES PRODUCTION PARK ON SALE OF SUBSIDIARIES

Leeds-based Blacks Solicitors has advised Wakefield-based live events campus Production Park on the sale of subsidiary Brilliant Stages to US live technology business TAIT.

Production Park in South Kirby is home to more than 20 live event businesses, two studios and 200 students.

TAIT International Ltd, the UK subsidiary of TAIT Towers, has acquired two subsidiaries, Brilliant Stages Ltd and LS-Live Ltd.

Dave Paterson, partner in the Corporate and Commercial team at Blacks, who oversaw the sale, said: "Supporting our longstanding clients and offering advice for deals like this is a fantastic and rewarding experience. Everyone involved at Blacks is extremely proud of the successful outcome.

"The teams at Production Park and its subsidiaries have established themselves as world leaders in entertainment technology projects and the acquisition will pave the way to even greater success for everyone involved."

Lee Brooks, co-founder of Production Park, added: "We are delighted with the outcome of the recent acquisition of Brilliant Stages by TAIT which will bring not only inward investment but also global opportunities to Production Park.

"The service and support given by Blacks was instrumental in agreeing this partnership and bringing it to a close in a very timely manner. We look forward to an exciting future at Production Park and to continuing our close working relationship with Blacks."

Blacks Solicitors worked with Nathan Potton, Giles Taylor and Joanne Barbour of Professional Services firm KPMG for tax and corporate finance advice, and Tom Sikora of HSBC.