O’Melveny to represent hair salon chain
O’Melveny & Myers is representing Regis Corporation, the hair salon chain, in its £1.5bn merger with the Sally Beauty Company, the chain of professional beauty product retailers. Regis owns or franchises more than 11,000 locations worldwide under brands including Vidal Sassoon and SuperCuts. The O’Melveny team is being led by partners Spencer Klein and Paul Scrivano. Sally Beauty, part of the Alberto-Culver Company, is being advised by Sidley Austin Brown & Wood.
Cleary takes on Home Depot acquisition
Cleary Gottlieb Steen & Hamilton is representing The Home Depot, the world’s largest DIY retailer, in its £1.8bn acquisition of Hughes Supply, the US construction products retailer. Hughes Supply is being represented by Weil Gotshal & Manges partners Thomas Roberts and Marita Makinen.
Berwin Leighton Paisner (BLP), Nabarro Nathanson and Olswang are acting for specialist shopping centre fund The Mall in its £537m acquisition of four shopping centres. The fund, owned by Capital & Regional and Morley Fund Management, will buy centres in Luton, Uxbridge, Redhill and Bradford from Prudential. Olswang handled contract negotions, with head of real estate Tim Westhead handling the Luton and Redhill deals. The BLP team dealt with banking and due diligence on the Uxbridge and Bradford sales. Nabarros partner Deborah Llloyd handled the structuring and establishment of Jersey unit trusts to acquire two of the properties. Lovells advised Prudential.