Cripps advises the shareholders of PLP Fire & Security Limited on its sale to Obsequio Group Limited

Cripps has advised the shareholders of PLP Fire & Security Limited, a specialist provider of fire and security services, on the sale of 100% of its issued share capital to private equity backed Obsequio Group Limited.

PLP Fire & Security is a well-established provider of fire protection systems, serving clients across the South East and beyond. The acquisition by Obsequio Group increases their geographic coverage and further enhances its service capability.

Cripps advised on all legal aspects of the transaction, providing strategic input from due diligence through to completion. This transaction highlights Cripps’ experience advising owner-managed and family-run businesses.

Rob Beeching, one of the original founders of PLP, commented “The Cripps team provided clear, commercial advice and expertly guided us through the sale process. Their attention to detail and strategic input gave us real confidence and helped secure a strong outcome.”

Alexander Bishop, managing associate in the corporate team at Cripps commented:

“It was great to support the PLP team on this important milestone. Our focus was on protecting their interests and securing a clean, confident exit.”

The Cripps team was led by Alexander Bishop, supported by Anna Drapper and Jack Broadley. Employment advice was provided by Camilla Beamish and Holly Milne-Peasey.

The sellers were also advised by A K Tax and Accountancy (accounting and tax advice) and Parisi Tax (transactional tax advice).

Browne Jacobson LLP acted for the buyer.