Slaughter and May advised Barratt Developments PLC ('Barratt'), on its entry into a 50/50 joint venture, Rose Shared Equity LLP ('Rose'), with a fund managed by Anchorage Capital Group LLC ('Anchorage').
 
Under the terms of the joint venture, which were announced on 15 May 2013, the Barratt group’s shared equity loans that originated in the period from 1 January 2009 to 31 December 2011 have been transferred to Rose. Anchorage acquired a 50% interest in Rose for approximately £34 million.

CONTACTS

Corporate and Commercial: Gary Eaborn (partner), Kathryn Davis (partner), Tim Pitt (associate); Real Estate: Jane Edwarde (partner), Gemma Goddard (associate); Tax: Sara Luder (partner), Michael Ringer (associate); Financing: Stephen Powell (partner), Caroline Phillips (associate); Competition: Michael Rowe (partner), Cleo Alliston (associate)

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