MBR&M bags Midland Group for Jordan Grand Prix buyout

Mayer Brown Rowe & Maw (MBR&M) has won a new client, Midland Group, after advising the Canadian company on its acquisition of Jordan Grand Prix.

MBR&M gained the work after Midland’s new finance director contacted real estate finance head Iain Thomas.

Initially, Midland instruc-ted MBR&M to advise on its attempted acquisition of the Jaguar team from Ford. Jaguar was subsequently bought by Red Bull. The deal closed in just eight working days to ensure the team could garner sponsorship and working capital for its first race of the year on 3 March.

Burges Salmon partner Nick Graves advised Jordan Grand Prix majority shareholder Blackbear. Fladgate Fielder’s David Robinson advised Eddie Jordan.