Flint Bishop’s head of Corporate & Finance, Martyn Brierley, and senior property associate, Andy Stokes, have advised a Derby entrepreneur, Bobby Nanua, on the acquisition of the internationally recognised and award-winning, Tŷ Nant Spring Water, a Welsh producer of bottled natural mineral water, spring water and tonic waters.
Janet Morgan and Gary Devonshire, partners of Smith Cooper, provided tax advice in connection with the transaction.
Since launching its signature cobalt blue glass bottle range at the Savoy Hotel in London in 1989, Tŷ Nant, based in Bethania on the edge of the Cambrian Mountains in west Wales, has established a worldwide presence as a premium purveyor of bottled natural mineral water, with a successful international distribution network for the water drawn from the aquifer at Bethania.
Tŷ Nant’s blue bottle has been an icon of elegance and design which has been appreciated in every corner of the world. Throughout its journey, since 1989 Tŷ Nant has evolved and expanded its horizons with the launch of the award-winning PET bottle.
Recognised as one of the ultimate stylish refreshments, Tŷ Nant’s bottles are frequently placed on the sets of UK and American television programmes and films.
Commenting on the deal, Martyn Brierley said:
“It was a pleasure to advise Bobby on the acquisition of Tŷ Nant Spring Water, an internationally recognised premium bottled water brand, which has significant importance to Welsh Heritage, and a key employer in the area. We know Bobby and his team have exciting plans for Tŷ Nant and we wish him and the Tŷ Nant team, all the very best for a prosperous future”.
Bobby Nanua commented:
“Martyn and the Flint Bishop team were instrumental in getting this deal over the line within the challenging time frame we had to complete. Martyn and his team were available at all times, including in evenings and over weekends to see this deal successfully concluded. The clarity and timely delivery of expert legal advice in all areas of the deal was second to none.”