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Rocky Point sells garden business to Hyne Group
Supply business Rocky Point has been advised by national law firm Piper Alderman on the selldown of its 60 per cent interest in its garden business to the Hyne Group.
Jerome Doraisamy
Firm: Piper Alderman (Rocky Point)
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Deal: Piper Alderman has advised Rocky on the sale to Hyne Group by way of providing advice on the share sale agreement as well as the shareholders’ agreement between the parties, which will govern the partnership going forward, and also in relation to an internal business restructure to facilitate the selldown of its interest to the Hyne Group.
Area: Corporate
Value: Undisclosed
Key players: The Piper Alderman team was led by partner Andrew Rankin, who was supported by special counsel Caren Klavsen and senior associate Kara Pennisi.
Deal significance: Mr Rankin said: “We are delighted to have assisted Rocky Point on this transaction, as the business has been looking for opportunities for future growth while allowing their family business to implement succession planning for future generations.”
Rocky Point chief executive Matt Keith added: “Working with Andrew and his team has been a great experience. They are professional, organised, and have great communication skills.
“They are also very open to suggestions and feedback, which makes them easy to work with. I highly recommend working with Andrew and his team.”
