South east law firm TWM Solicitors has advised the renowned British sports car manufacturer TVR on the investment by the Welsh Government in the company as part of the initial arrangements for its new production facility to be located in Ebbw Vale, South Wales. The deal sees the Welsh Government take an equity stake in TVR, with production of the new car set to commence next year.
Les Edgar, TVR Chairman said. “The announcement of us building a brand new car in Wales is hugely exciting, and it is a privilege to be writing the next chapter in the history of this famous sports car marque. Jamie Berry and TWM Solicitors’ unstinting dedication, technical expertise and commercial acumen has been hugely appreciated, especially as we all worked hard to get the deal over the line in the last few days”.
The TWM Solicitors team was led by Business Law Partner and Head of Department Jamie Berry, assisted by David Powell and Sarah Marchant.
The Welsh Government was represented by Hugh James Solicitors.
Image credit: Autocar Magazine.