Deals round-up

Willkie Farr & Gallagher, led by partner Thomas Cerabino, advised investment fund Colony Capital on the $1bn (£570m) agreement to buy all the hotel interests of Singapore-based Raffles Holdings. The acquisition comprises 15 Raffles hotels and resorts and 26 from Swissôtel Hotels & Resorts in 35 locations. It also includes the legendary Raffles Hotel Singapore. Colony is a private international investment firm focusing primarily on real estate-related assets and operating companies. Since 1991, it has invested more than $15bn (£5.58bn) in over 8,000 assets through various corporate, portfolio and property transactions. Linklaters, led by corporate partner Carlton Evans, has consolidated its relationship with MidOcean Partners after advising the private equity firm on the successful tender for health and fitness chain LA Fitness. The £90m acquisition formally completed on 19 July. Berwin Leighton Paisner advised target company LA Fitness, while Norton Rose advised the management team. In 2003, Linklaters also acted for MidOcean on the sale of both Center Parcs UK and Center Parcs Europe.

Halliwells and Olswang have scooped roles on one of the North West’s biggest deals this year. The firms advised Cardpoint and Moneybox respectively on Cardpoint’s £87.3m recommended cash offer for the share capital of cash machine company Moneybox. Halliwells corporate partner Frank Shephard has been advising Cardpoint since its listing on AIM in June 2004. Under AIM rules, the acquisition is classified as a reverse takeover. It will be funded through a share placing and bank facilities underwritten by Bank of Scotland. Olswang corporate partner Simon Morgan acted for Moneybox.