Quercus International is pleased to announce a team led by Jim Clark and Mark Whelan advised Restore plc (“Restore”) on their disposal of Restore Harrow Green ("Harrow Green") to Bouverie Holdings Ltd, a company owned by the same shareholders as the parent company of Pickfords Move Management Ltd (“Pickfords”).

Harrow Green is the UK's leading commercial relocation company, supporting corporate and public sector clients with complex workspace moves. Following a strategic review, the Board of Restore considered various options for the business and concluded that it had become increasingly non-core, with limited commercial benefits from being part of Restore.

Harrow Green is a strong strategic fit with Pickfords, the UK market leader in domestic relocations, which will benefit from revenue and property synergies as it transitions to a number of shared sites.

Charles Skinner, CEO of Restore, said: “The Quercus International team gave timely and commercial financial advice throughout the transaction and showed great commitment to getting it to completion in a challenging trading environment.”

Jim Clark, Quercus International, commented: “We are delighted to have assisted the Restore team with this strategic disposal, particularly given I previously advised Restore on the acquisition of Harrow Green in 2012 and it has been a very successful business under their ownership.”