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Charles Russell Speechlys advises management of MRH on £1.2 billion MRH sale

14 Mar 2018

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 advises Starboard Hotels on its acquisition of four Ibis Styles hotels from Carillion

14 Mar 2018

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 advises Peel Hunt as sole sponsor and bookrunner for Regional REIT Limited on £73 million capital raising

14 Mar 2018

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 advises Laird on its acquisition by Advent

14 Mar 2018

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 M&A Real Estate team advised Union Investment’s acquisition of SEK 1.2 billion property in Arenastaden from Fabege

14 Mar 2018

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 advises Patron Capital on sale of stake in Cala Homes to Legal & General Capital

14 Mar 2018

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.

Norton Rose Fulbright advises the Joint Lead Managers on world’s first sovereign green Sukuk issuance

14 Mar 2018

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.

Osborne Clarke advises Welbeck Strategic Land for over 2,200 new homes in South Worcester Urban Extension

14 Mar 2018

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.