Sale of shares in A&O Imaging Solutions

IWG advised the shareholders of A&O Imaging Solutions (UK) Limited (“A&O”) on the sale of their shareholdings (comprising the entire issued share capital) of A&O to Veritek Global Limited (“Veritek”). The transaction closed on 17 August 2012.

A&O provided photographic equipment maintenance services to traditional photographic laboratories, high street photo-shops, retailers with in-store processing and self-service kiosks.  It was originally formed following the management buyout of the services and parts business of AgfaPhoto UK Ltd.  A&O’s affiliated European company was acquired by Veritek in 2008, and the acquisition of the UK company represents a consolidation by Veritek of its photo imaging service and support business in the UK, which includes clients such as Boots, Asda, Jessops, HP and Tesco.

IWG has historically advised the shareholders and directors of A&O since its formation.

Veritek was advised on its acquisition by DLA Piper.

The IWG team was led by Tanveer Tarafdar, assisted by David Grabiner.

Further information on Tanveer Tarafdar, David Grabiner and the IWG corporate team can be found on the Meet the Team and the Corporate pages.