Addleshaws helps Admiral with pub acquisitions
Addleshaw Goddard has advised longstanding client Admiral Taverns on the acquisition of 376 pubs from KUC in a deal worth more than £137m. The deal was turned around quickly, with due diligence and the exchange of contracts completed in just 10 days. Real estate partner Andrew Shufflebotham and corporate partner Geraint Harries led the Addleshaws team. Stephenson Harwood corporate partner Richard Light acted for Royal Bank of Scotland on the financing aspects of the deal, while Howard Kennedy advised Irish Nationwide Building Society.
DMH Stallard advises IAF Group on FTSE delisting
DMH Stallard, led by partner Keith Robinson, advised IAF Group on its delisting from the FTSE and admission to AIM in February. IAF changed its business model from an aircraft financing and trading firm to a wealth management group and decided to switch to AIM because of more favourable regulations. IAF raised around £6m on its first day of trading.
MFI turns to Freshfields for help with turnaround plans
Freshfields Bruckhaus Deringer has advised MFI Furniture Group on a £150m facility that will allow the retail company to focus on its turnaround plans. The 39-month asset-backed facility was underwritten by Burdale Financial and Lloyds TSB. London corporate partners Mark Rawlinson and Claire Wills led the Freshfields team, along with David Ereira and Paris corporate partner Fabrice Cohen. Nabarro Nathanson finance lawyer Georgia Quenby acted for the banks, with Hammonds acting for the pensions trustees.