Kerman & Co advises the shareholders of Kinesys Projects Limited on its sale to TAIT
Kerman & Co has advised the shareholders of Kinesys Projects Limited (Kinesys) on its sale to TAIT (formerly known as TAIT Towers).
Kinesys is a technology company specializing in the design, manufacture and sale of motion control systems for the entertainment industry. Kinesys equipment is used on shows by artists including Ed Sheeran, U2 and Garth Brooks and in venues such as the Royal Albert Hall and Sydney Opera House. Kinesys serves customers worldwide from their headquarters in London, UK, their service and distribution centre in the USA and a global distributor network.
Following the sale, Kinesys has joined the TAIT group of companies and both will continue to operate as separate brands with all the existing contact details and staff remaining in place. The combination yields unmatched capabilities in automation and show control and creates exciting opportunities for existing and future customers of both companies.
Dave Weatherhead, CEO of Kinesys commented: “Yvonne and the team at Kerman provided an exemplary service to Kinesys. The transaction moved at a very fast pace and their dedication to making it happen on time was outstanding. They really went above and beyond for us.”
Yvonne Costello, Partner at Kerman & Co, commented “We were delighted to advise Dave and the other shareholders on their sale to TAIT. This is an exciting opportunity for both businesses and we wish them the very best with their future plans”.
The Kerman & Co team was led by corporate partner, Yvonne Costello and comprised Coral Yu (Corporate), Maria Dogaru (Corporate), Karin Kiho (Employment) and Simon Robinson (Real Estate).