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Matheson Acts as Legal Counsel in Connection with the Sale of Opel’s Irish Distribution Business
KEY CONTACT(S): Brian McCloskey, Sally Anne Stone, Rebecca Ryan, Vahan Tchrakian
PRACTICE AREA GROUP: Tax, Commercial Real Estate, Real Estate Finance, Commercial Litigation and Dispute Resolution, EU, Competition and Regulatory
Matheson acted as Irish legal counsel in connection with the recent sale of Opel Irish distribution Opel, who are a long standing client of Matheson, is one of Europe’s largest automakers and together with its sister brand Vauxhall sells over one million vehicles annually.
The Matheson team was led by Brian McCloskey who was assisted by a cross-departmental team from tax, real-estate, employment, competition and litigation, including Sally Anne Stone, commercial real estate partner, Vahan Tchrakian, tax partner, Rebecca Ryan, litigation partner, and Liam Heylin, competition law senior associate.
Commenting on the deal, Brian McCloskey said “We are delighted to have continued our long-standing relationship with Opel. The automotive industry is going through a period of significant change, primarily driven by technological developments and the gradual shift to hybrid and electric vehicles. This deal builds on our already significant experience of advising international organisations on the acquisition and disposal of Irish businesses. The transaction closed on 30 September 2019 and represented the sale of a distribution business with has 27 dealers in its network – including service centres.”
With a wealth of experience across our six partner led offices worldwide and a dedicated 100 person Corporate Department, Matheson has some of the most experienced corporate lawyers in Ireland. Excellence matters and Matheson’s Corporate Department, led by 24 partners, has unparalleled experience in complex and innovative domestic and international corporate transactions across all industry sectors.
Article featured on The Irish Times.