Browne Jacobson advises on sale of MC Refrigeration to Nordic Climate Group amid inward investment

Browne Jacobson advised the selling shareholders of MC Refrigeration in its sale to Nordic Climate Group. The transaction sees Wellingborough-based MC Refrigeration, a specialist in the installation, maintenance, removal and disposal of commercial refrigeration display equipment and cold rooms serving major UK retail operators, join Nordic Climate Group (NCG). NCG, a Sweden‑headquartered business reporting around £400m in revenue, has targeted the UK and Ireland for inward investment amid rising demand for low‑energy cooling and heating systems and natural refrigerants. The acquisition of MC Refrigeration was completed alongside two further purchases — Irish operator Anglo Irish Refrigeration Group and Scottish firm CSD Air Conditioning — in a package of three simultaneous transactions collectively worth more than €50m (£44m). All three businesses will retain their individual identities while benefitting from greater scale as part of NCG’s new UK and Ireland platform. MC Refrigeration, founded in 2004 by Murray and Elizabeth Carvell, is led by their daughter Laura Dobson, who will continue to run the business post‑acquisition with Murray Carvell remaining in an advisory role. Browne Jacobson represented the selling shareholders of MC Refrigeration with a team composed by: Ryan Brown (Partner, Corporate), Alex O'Donoughue (Associate, Corporate), Craig Thomas (Principal Associate, Tax) and Maz Dannourah (Senior Associate, Employment).

Browne Jacobson advises on sale of MC Refrigeration to Nordic Climate Group amid inward investment

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