The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The chain was sold by buyout group Investcorp, advised by A&O, to Appia Investments, a consortium of funds represented by Freshfields.
Camerons was instructed by Welcome Break's management in the firm's first major transaction for the company since winning a three-firm beauty parade last year.
Bahrain-based Investcorp bought Welcome Break in 1997 for £473m, a transaction on which A&O advised. The sale sees the end of one of the longest-held investments by a private equity group.
The Freshfields line-up on the deal was led by senior corporate associate Piers Pritchard-Jones, while A&O partner Ian Lopez represented Investcorp.
Camerons corporate head Andrew Sheach, who led the Welcome Break team, said: "Welcome Break service areas are a familiar sight on our motorways and I am delighted that we were able to advise their management on this important stage of their growth."
The buyer, Appia Investments, comprises the NIBC European Infrastructure Fund, the ING European Infrastructure Fund and Challenger Life, which is run by Australian billionaire James Packer.
Welcome Break is the second-largest operator of motorway services areas in the UK, with 27 sites across the country.