Eversheds has advised WM Morrisons Supermarkets plc on the sale of 140 high street convenience stores to Greybull Capital.

The deal will see the Greybull-led group take control of stores that trade under the M Local brand.

Greybull is a family office with a focus on investing in private companies across a diversified range of industry sectors.

The Eversheds team was led by Corporate Partner James Trevis and Real Estate Partner Susan Samuel who are both consumer sector specialists, with a team including  Principal Associate Claire Burns and Associates Jordan Cliffe, Tom Jackson and Elizabeth Tindall.

James Trevis commented:

“Having been formally appointed to the Morrisons panel in 2013, it is a pleasure to have advised Morrisons on this deal, which will allow the company to focus on its strategic goals. As a firm Eversheds has a market leading retail sector, advising some of the world’s largest retailers on all manner of issues affecting the rapidly changing retail landscape.”

Mark Amsden Morrison’s General Counsel commented:

“This deal was a great team effort and we are grateful to Eversheds for their tireless support and dedication throughout the duration of the deal, which allowed for a smooth and coordinated process.”

Fladgate LLP advised Greybull Capital, with Forsters and KPMG advising Greybull on the finance aspects.