Moore Kingston Smith advises Modella on Hobbycraft acquisition
Moore Kingston Smith is delighted to have advised Modella Capital on their successful acquisition of Hobbycraft, the UK’s largest arts and crafts retailer. The tax team provided tax due diligence and structuring services, ensuring the deal was completed both commercially and tax-efficiently under a tight deadline.
The team included M&A Tax Director Thomas Acland, Partner Mark Fielden and Tax Manager Sam Talbot who provided comprehensive tax due diligence and structuring services. Working closely with Modella’s legal and commercial advisers, the team ensured the deal was executed efficiently and effectively.
Managing Director at Modella Capital, Joe Price, said: “The Moore Kingston Smith tax team ensured the deal was structured in both a commercial and tax-efficient way against a tight deadline. I wouldn’t hesitate to recommend Thomas and the rest of the team at Moore Kingston Smith to prospective purchasers and am looking forward to the next transaction we work on together.”
M&A tax specialist at Moore Kingston Smtih Thomas Acland commented: “It was a pleasure to assist with this transaction and support the Modella team in their acquisition of Hobbycraft, securing a key investment in such a well-known and exciting brand in the UK retail sector. We look forward to supporting the success of the Hobbycraft business under Modella Capital’s investment.”
Moore Kingston Smith has completed over 50 M&A transactions in the past four years. The M&A Tax team works with both buyers and sellers and provides comprehensive tax transaction support, diligence and advisory services. The Moore Kingston Smith team has a particular specialism in private equity, supporting sellers and funds in the mid-market transaction space. Notable recent deals include the sale of the technology-focused architectural visualisation firm The Boundary to Kester Capital, and the sale of the specialist ESG and corporate governance advisory consultancy Wallbrook to Anthesis Group (Palatine).
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