North West lawyers at Weightmans have advised two Liverpool City Region businesses on their acquisition by a waste management company in Singapore.
Blue Planet Environmental Solutions has bought a controlling stake in Smart Creative Technologies and Virtus Concrete Solutions, both of which were founded by Liverpool entrepreneur Jonathan Quinn.
Smart Creative specialises in the environmentally-friendly recovery of precious metals from electronic waste, while Virtus produces construction materials for a wide range of uses including flood defence.
A multi-disciplinary team made up of corporate, employment and intellectual property specialists from Weightmans' owner-manged business department advised the shareholders of the two.
Roland Hutchins, the partner who led the deals team, said: "These transactions reflect the fact that despite the current economic uncertainty, there remains strong potential for foreign investment into innovative North West businesses.
"The deals are a good outcome for our clients and will enable Blue Planet to expand the reach of each business' technology to a wider international client base."
Quinn added: "The Weightmans team offered invaluable advice to ensure the businesses were investment-ready. With Blue Planet's backing and international networks, we can roll out our technology faster – especially to countries in Asia who urgently need it."