Thursfields advises DRP Holdings on purchase of Penguins Events

Thursfields has helped Worcestershire-based communications agency DRP Holdings in its purchase of Penguins, the Windsor-based events company.

Thursfields advised on the corporate, employment and property aspects of the deal.

The purchase means that DRP has increased its team to more than 220 staff across the Midlands, London, Leeds and Windsor.

The team from Thursfields Solicitors included corporate director Gareth Burge, commercial property director Nick O’Hara and commercial director Michelle O’Hara. They were joined by Tim Edwards, senior associate in Thursfields’ corporate division, and trainee solicitor Joe Rollins.

Mr Burge said: “Thursfields has growing experience in the creative and events sector and Penguins is an excellent match for DRP’s ongoing expansion. We were delighted to play a part in helping to make this happen and now look forward to seeing further success from the DRP group.”

Dale Parmenter, group chief executive of DRP, said: “We were very pleased with wide-ranging and expert advice from Thursfields which helped us to seal this exciting deal. Penguins is a well-established, innovative and active agency and we are now looking forward to expanding our capacity and capabilities across the UK.”

Penguins is celebrating its 30th anniversary in the industry and employs 22 people. It works on live events and incentive travel solutions, with clients including Honda, GSK, British Airways, and Unilever.

If you are looking to acquire a business please contact Gareth Burge on 01905 677043 or e-mail gburge@thursfields.co.uk