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Award winning law firm Pitmans LLP has acted on behalf of David Macrae, the Managing Director of Popshots Studios Limited, a distributor of 3D pop-up greetings cards, stationery and promotional and marketing materials in Henley-on-Thames, Oxfordshire. He has acquired Popshots Studios Limited in a management buy-out from the Up With Paper group of companies, based in Mason, Ohio, USA, for an undisclosed consideration.

The transaction was led by Pitmans’ Corporate Partner Philip Weaver, Corporate Partner Adam Dowdney, Corporate solicitor Carolyn Butler, and Banking solicitor Mark Metcalfe.

Commenting on the transaction, David Macrae said “We were referred to Pitmans by an associate and were delighted with the speed and thorough handling of our time-sensitive purchase.”

Adam Dowdney, Pitmans’ Corporate Partner said: “We were delighted to assist David in this management buy-out of a business in which he has been involved for some time. The deal was completed in a very short time-frame, which reflects the flexibility and strength in depth of the Corporate and Banking teams we have here at Pitmans. We wish David every success for the future.”