The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
A team led by corporate partners Mark Rawlinson and Claire Wills advised MFI on the disposal its loss-making retail unit to MEP Mayflower.
Mayflower is a company controlled by Merchant Equity Partners (MEP), the private equity house launched by former Deutsche Bank investment banker Henry Jackson, which is being advised by a team led by SJ Berwin’s head of corporate finance group Steven Davis.
Mayflower paid just £1 for the business. Under the terms of the agreement MFI will pay MEP up to £73.8, payable in three instalments. Meanwhile, MEP will invest up to £68m in the chain by April 2008.
MFI will continue to focus on its kitchen and joinery business. The disposal is subject to the approval of MFI’s shareholders at a meeting scheduled for next month (October).