SJ Berwin advised private investment bank Evans Randall on a novel property deal that saw two major sites bought for £110.1m via a corporate structure. B&Q’s major distribution warehouse in Doncaster was bought from Propinvest Holdings for £53.6m, while a Rolls-Royce manufacturing and distribution unit in Glasgow was sold by Glenn Maud for £56.5m. Real estate partner David Ryland led the SJ Berwin team.The vendors were advised by Berwin Leighton Paisner partner Tim Simmonds. The deal was financed by Bank of Scotland, advised by Nick On of Eversheds Newcastle, with mezzanine finance provided by Bomac Properties, advised by Andrew Crabbie of Forsters.
Nabarro Nathanson has acted for the Tattershall Castle Group management team on its £177m acquisition of 178 high street pubs from the Spirit Group. This is the most recent in a line of deals for Nabarros in the pub sector, including acquisitions by Pubmaster followed by its sale to Punch Taverns for £1.2bn and the £335m sale of InnSpired Group. Andrew Inkester led the Nabarros team. Alchemy, the private equity investor in Tattershall, was advised by Macfarlanes, while Slaughter and May acted for Spirit.
Dickinson Dees has advised global mobile phone entertainment group MonsterMob on the acquisition of ATOP Century, a provider of advanced mobile content services in China. Dickinson Dees has advised MonsterMob on all of its acquisitions and flotations to date. This is the seventh deal the firm has advised on over the past 18 months. The Dickinson Dees team was led by corporate partner Jeremy Swift. ATOP was advised by Clifford Chance in Beijing.