BDB Pitmans advises Mimir Invest AB on its acquisition from Quadriga Holdings Ltd and Quadriga Worldwide Ltd (both in administration)
Leading law firm, BDB Pitmans, has advised Mimir Invest AB – a global investment firm acquiring non-core business units of mature and growing companies – on the formation of its newly incorporated UK subsidiaries including, Quadriga Systems Limited (‘Quadriga Systems’), set up for the acquisition of business, assets and shares from Quadriga Worldwide Limited and Quadriga Holdings Limited – both in administration. The value of the deal was not disclosed.
Quadriga is a leading international provider of hospitality guest technology – servicing approximately 100,000 hotel rooms across the globe. Headquartered in the United Kingdom, the newly incorporated Quadriga Systems purchased the business, assets and shares from the original Quadriga companies.
The BDB Pitmans team who advised Mimir Invest AB and the newly formed Quadriga Systems on the acquisition was led by restructuring and insolvency partner, Suzanne Brooker, alongside, Robert Chidley, corporate partner, and David Williams, senior associate within the restructuring and insolvency department.
Stephenson Harwood was instructed by the administrators of Quadriga Worldwide Limited and Quadriga Holdings Limited.
Andrew Smith, managing partner at BDB Pitmans, comments on the deal:
‘BDB Pitmans is proud to have advised Mimir Invest AB on this exciting strategic acquisition – further enhancing Mimir’s position as a leader in European special situations investing. This deal drew on a cross-section of the firm’s expertise, with our Restructuring and Insolvency and Corporate Departments, both in Reading and London, working closely to provide a seamless service and ensure a strong and timely outcome for Mimir.’