Birketts advise TVR Automotive Limited
Leading East of England law firm Birketts LLP has advised TVR Automotive Limited in the acquisition of the famous TVR sports car brand and all associated assets including intellectual property and other rights from TVR GmbH, a company owned by Alexander and Nikolai Smolenski, for an undisclosed sum.
The Birketts team who acted on this deal was led by the head of the corporate/commercial team in Cambridge, Adrian Seagers, and included solicitor Joanna Crinson.
TVR was an independent British manufacturer of sports cars until it went in to administration in December 2006. The company manufactured lightweight sports cars with powerful engines and was, at one time, the third-largest specialised sports car manufacturer in the world, offering a diverse range of coupés and convertibles.
Adrian Seagers commented: “This has been a great acquisition to be involved with. The TVR brand is so well known and to have helped deliver it into the custody of TVR Automotive is the beginning of an exciting future for a business that still attracts huge affection from many sports car enthusiasts. Our involvement again demonstrates the depth of understanding of the Birketts Motor Industry Group for the motor sector in all its forms.”