International legal practice, Osborne Clarke has advised the UK's largest wine specialist retailer, Majestic Wine plc, on its £70m acquisition of Naked Wines International Limited, the international online wine business.

The £70m deal combines Naked Wines' online and e-commerce skills and Majestic's national store network, and opens up attractive international growth opportunities in the USA and Australia. Rowan Gormley, founder and CEO of Naked Wines, will become the Chief Executive of the enlarged Majestic Wines group.

The Osborne Clarke team that advised on the acquisition was led by Corporate Partner James Massy-Collier, who was assisted by Associate Director Jeff Chang and Associate Mike Freer. Naked Wines was advised by Reed Smith, led by partners Perry Yam and James Cross.