DLA cements Blackstone ties with £750m Savoy sale

DLA has consolidated its relationship with the Blackstone Group after representing both the US private equity house and Colony Capital LLC on their £750m sale of the Savoy Hotel Group to Ireland’s Quinlan Private.

The firm originally acted for the Savoy Hotel Group in 1998, when Blackstone and Colony, advised by Herbert Smith, bought the business for £520m.

Following that deal, DLA has represented Blackstone on a number of transactions spanning corporate, real estate, HR and litigation matters. Recently the firm acted on the £15m sale of the Lygon Arms, which had been part of the Savoy Group.

Prized client Blackstone has used a range of UK firms in recent years, including Clifford Chance, Freshfields Bruckhaus Deringer and Herbert Smith.

DLA real estate partner Philip Perry and corporate partner Tom Wheelan led the deal out of London, with Blackstone’s regular US advisers Simpson Thacher & Bartlett acting alongside. Quinlan Private’s long-time law firm A&L Goodbody headed the deal for the Irish investor, with Allen & Overy (A&O) advising on the UK aspects.

A&L Goodbody has a strong relationship with Quinlan Private as a former partner of the firm, Peter Donnelly, is one of the Irish investment group’s three directors.

Banking and financial services partner Nathaniel Healy and corporate partner Julian Yarr led the A&L Goodbody team.

A&O partner Eileen Kelliher, who led the team, also has close links with Quinlan Private, as she was a lawyer at A&L Goodbody prior to joining A&O.