Collas Crill has advised JEV Company Limited (JEV Co) on its recent acquisition of the Home James businesses in Jersey. JEV Co runs the EVie electric bike and car-sharing businesses in Jersey and Guernsey.
As part of the deal, JEV Co has acquired three distinct companies that are complementary to the EVie shared electric transport offering; Home James Carback, Home James Valeting Service and Home James Taxi Service.
The merger will offer significant synergies and benefits for both parties: for EVie it will provide the opportunity to develop revenue streams that are counter cyclical to its car and bike sharing businesses, and also to boost its management team; and for Home James it will provide the capital and resources to grow its business lines and to take advantage of Evie's technology platform.
The Collas Crill team supporting JEV Co was Jersey corporate, funds and regulatory partner Sam Sturrock and associate Khetha Shezi.
Sam said: 'We were delighted to help JEV Co reach this milestone in its journey and play a small part in bringing together this new combined business that is helping to develop alternative transport solutions in the Channel Islands. It's great to have the opportunity to support thriving local businesses.'
Read the JEV Co press release for more information.
About Collas Crill's corporate team
We are specialists at advising clients on corporate M&A transactions (whether local or cross border), tailoring the support to the level you need it and focusing on the issues that really matter to you.
If you are buying or selling a business that has a Jersey component, contact us for an initial discussion in confidence about how we can help.