Blake Morgan Advises on Sale of Kendall Group
Blake Morgan has advised the Kendall Group on its sale to Aggregate Industries, a leading player in the construction and infrastructure industries (and member of the international LafargeHolcim Group).
Blake Morgan has advised the Kendall Group on its sale to Aggregate Industries, a leading player in the construction and infrastructure industries (and member of the international LafargeHolcim Group).
Charles Russell Speechlys has advised the MRH management team in relation to the sale of MRH to Clayton, Dubilier & Rice-backed Motor Fuel Group (MFG). The transaction is valued at approximately £1.2 billion.
Together, MFG and MRH will operate more than 900 petrol and convenience retail sites across the UK and this is expected to place them as the country’s top operator by number of sites.
DWF has advised Starboard Hotels on its acquisition of four Ibis Styles hotels from construction giant Carillion. Starboard is one of the UK's fastest growing independent hotel owner/operators and acquired the four properties in Barnsley, Birmingham NEC, Crewe and Haydock by way of a share acquisition of four hotel-owning companies from Carillion, for an undisclosed sum. The hotels will remain as Ibis Styles and be operated under franchise by Starboard from Accor.
Eversheds Sutherland has advised Peel Hunt in its role as sole sponsor and bookrunner in connection with a £73 million firm placing, placing, open offer and offer for subscription by Regional REIT Limited, the listed UK regional office and industrial property focused REIT. Admission of the new ordinary shares became effective at 8am on 21 December 2017.
The team was led by corporate partner Sebastian Orton with assistance from Mark Roe (legal director), Harry Pangas (corporate partner – US securities) and Lily Tomkins (associate).
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising RWE AG (‘RWE’) in its transition to become a leading European electricity producer by means of renewable energy.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised British technology and electronics business Laird plc (‘Laird’) on its acquisition by AI Ladder Limited, a wholly-owned indirect subsidiary of funds managed Advent International Corporation (‘Advent’). The acquisition values the shares of Laird at approximately £1bn on a fully diluted basis and represents a notable private equity acquisition of a public company.
Linklaters Stockholm M&A Real Estate team advised Union Investment Real Estate GmbH in the acquisition of the property Uarda 6 in Solna (Stockholm) by way of a share transfer from the listed company Fabege AB. The underlying property value amounts to SEK 1,2 billion (approx. EUR 120m). The property covers almost 18,000 sq.m. of mostly office space and is let to 95 % and anchored by strong tenants such as Siemens, H&M and Ambea.
Macfarlanes has advised private equity real estate firm Patron Capital on the sale of its stake in luxury housebuilder Cala Homes to joint owner Legal & General Capital.
Legal & General acquired Patron Capital and management’s interests for a total of £315m plus additional transaction costs and financial adjustments to reflect the contribution of management and Patron during the period of the joint ownership.
Global law firm Norton Rose Fulbright has advised Abu Dhabi Islamic Bank PJSC, Citigroup, CIMB, Dubai Islamic Bank PJSC and HSBC, acting as joint lead managers and joint bookrunners, in the world’s first sovereign green Sukuk issuance. The Sukuk was issued by the Republic of Indonesia.
Welbeck Strategic Land has secured a resolution to grant outline planning consent for a new urban extension in South Worcester having been advised on real estate and planning issues by international legal practice Osborne Clarke.
Due to the location and size of the scheme, over 333 acres which spanned three districts, Welbeck and its professional team has worked to secure planning consent from three councils, including Wychavon District Council and Worcester City Council before concluding with the final planning committee at Malvern Hills District Council on 7 March.