MyTravel link gifts Slaughters leading role for Thomas Cook Group

Slaughter and May can add a new plc to its client list with the creation of Thomas Cook Group (TCG).

Slaughters will be the go-to firm for the £8bn newly combined travel company after it advised longstanding client MyTravel on its merger with Thomas Cook in February, which should finalise in June after winning European Commission approval at the beginning of May.

MyTravel group company secretary Greg McMahon will keep his position heading legal services at TCG, which will be headquartered in the UK and will trade shares in London using MyTravel’s listing.

Thomas Cook was owned by Germany’s KarstadtQuelle and the legal function was based in Germany.

A source told The Lawyer that that the final composition of the new legal function had not yet been revealed to staff.

Slaughters head of technology, media and telecoms William Underhill and head of competition Malcolm Nicholson historically managed the relationship at MyTravel and led on the merger with corporate finance partner Roland Turnill. The firm declined to comment.

Slaughters is still advising the company on its attempt to seek damages through the European courts after the Commission blocked its proposed merger with First Choice in 1999.

US firm Sullivan & Cromwell advised Thomas Cook, the first mega-deal that corporate partner Tim Emmerson worked on at his new home after leaving Milbank Tweed Hadley & McCloy.