Eversheds Sutherland advises Sims on agreed sale of its UK metals business

Founded in Australia in 1917, Sims employs over 4,000 employees globally, and operates more than 280 facilities across 14 countries.

The transaction - comprising 28 facilities including three port facilities, and four shredders – brings to a conclusion the strategic review of the UKM business announced by Sims in November last year.

Eversheds Sutherland advised on all elements of the transaction including M&A, real estate, pensions, commercial contracts, employment and tax.

The global law firm’s team was led by James Trevis, Partner and Head of Private Equity and comprised Principal Associate Thomas Plant and Senior Associates Amy Bagni and Jake Perryman (all corporate).

James Trevis, Partner, Eversheds Sutherland, said:

“We’ve had the pleasure of advising Sims on various strategic opportunities for almost 25 years. Being able to capitalise on the knowledge and understanding gained as a result of that work has once again enabled us to ensure the very best results for their business on this latest transaction. We’ve thoroughly enjoyed supporting the Sims team and look forward to future opportunities.”

Gretchen Johanns, Group General Counsel and Company Secretary, Sims, said:

“Having such an incredibly well-established relationship with James and the Eversheds Sutherland team was significant in helping to steer the seamless execution of this deal. This was a tremendous effort by a team who has a deep understanding of our business and our strategic ambitions and whose dedication to securing the very best results for us remained evident throughout. We’re thrilled and look forward to continuing our work with them on future opportunities.”

The cA$385m transaction is expected to complete before the end of the first quarter of Sims' current financial year and remains subject to customary completion conditions, including obtaining regulatory approvals.