Mishcon secures London town pub buy

Mishcon de Reya has advised new AIM-listed client London Town on its £94.57m acquisition of Save Investments, a Petchey Holdings-controlled company with a portfolio of 167 pubs. The deal is being funded through a £72.8m facility from the Anglo Irish Bank, with an additional £28m coming from new share and deep discount bonds issues. DLA Piper associate Raman Jagpal advised the seller. The Mishcon team, led by real estate partner Daniel Lipman, also advised London Town on its readmission to AIM.