TLT advises on sale of Lynx UK Limited to TXO

Leading UK law firm TLT has advised the shareholders of telecoms engineering and asset management company Lynx UK Limited on its sale to TXO. The sale reflects the drive towards a more sustainable, circular economy, helping the planet and saving resources.

TXO, the leading provider of end-to-end circular telecom network solutions, aims to benefit the environment by extending the lifetime of telecoms equipment. The company fixes, reuses and recycles equipment, which cuts down on waste, saves customers money and helps businesses to address their sustainability goals.

Lynx UK has a reputation as a specialist network decommissioning and engineering solutions provider. Its expertise in managing telecom systems aligns with TXO’s focus on recycling and reusing telecoms materials.

TLT advised the shareholders of Lynx UK on all aspects of the sale. The team was led by TLT’s corporate partner Alice Gardner, supported by Luke Thorngate-Davies, Nimarta Cheema, Ben Watson, Emma Bradley, Nicole Spurling, Irina Angliss, Lene Bray and Robin Ford.

The sale now joins TLT’s recent portfolio of deals intended to boost sustainability and shows the continued increase in transactional activity in the circular economy, prioritising the repairing and recycling of existing materials in order to reduce waste. This includes TLT’s role in supporting sustainable waste management company Biffa in its acquisition of industrial services waste business Total Recycling Services (TRS) in 2023.

Corporate partner Alice Gardner said: "This deal really highlights how corporate acquisitions are being used to grow business offerings that focus on sustainability in the circular economy. It was a pleasure working with the Lynx UK team and we are pleased that we have been able to get this over the line in time for the new year.”

Lyn Pickering, CEO of Lynx UK Ltd commented: “I would say that TLT were great partners throughout the process, calm and professional but very approachable and easy to deal with. The skillset across the various team members was very impressive, hence they were able to advise us across all areas of the transaction, including tax, employment, properties, contracts and most importantly the Employee Ownership Trust (EOT).

It was a complicated deal, but TLT were always able to explain to us the legalities in a clear manner such that we were able to take full advantage of their advice and make decisions which we were confident would be correct. I would be happy to recommend them to any business owner to help them navigate the sale of their business.”