Mourant Ozannes has advised on the sale of Indian Motorcycles, the iconic American motorcycle business.
The business was acquired from Indian Motorcycle Limited, a Jersey company advised by Stellican Limited and Novator Partners LLP, by Polaris Industries Inc., the New York Stock Exchange listed vehicles maker.
Mourant Ozannes partner James Hill led a team advising Novator Partners, a London based alternative investment firm, on the sale. Indian Motorcycles built America's first motorcycle and in the early twentieth century was the world's largest manufacturer of motorcycles.
Mr Thor Bjorgolfsson, founder of Novator Partners and an avid motorcycle enthusiast, commented: "After a troubled past, our goal was to bring the legendary Indian bikes back on the roads. The initial phase of that project is done and now our great partners at Polaris will carry on the work to realize the full potential of this classic American brand."
Stephen Julius, chairman of Indian Motorcycles and managing director of Stellican, added: "We are delighted to have reached an agreement with Polaris. Polaris will utilise its well-known strengths in engineering, manufacturing, and distribution to complete the mission we undertook upon re-launching the brand in 2006: harness the enormous potential of the Indian brand."
Commenting on the deal, James Hill said: "We are delighted to have been involved with this deal and it is fantastic for Jersey to be associated with such high profile brands. We have worked on some stellar deals this year, including the world's largest IPO of the year to date in Glencore, and have won a variety of awards, which demonstrates the quality and strength in depth of our firm. We wish the new owners well with their mission for the brand."