Business

Firm in €0.5bn Quinn deals

INTERNATIONAL law firm Pinsent Masons has advised Aventas Manufacturing Group - the former Sean Quinn companies - on a trio of deals worth around €500,000 (£360,000) in the last six months.

The latest disposal of assets, completed on March 31 and representing some of Northern Ireland's most significant recent transactions, came in the form of the sale of its plastics division Polycasa Group to Swiss group Schweiter Technologies AG. Polycasa is one of the largest manufacturers of high quality transparent plastic sheeting in Europe and has more than 500 employees at five production facilities across Europe.

That deal followed the firm's work for Aventas on the sale of Encirc to the Spanish listed company Vidrala SA.

The firm also advised Aventas on the sale of Barlo Radiators to RHP Bidco.