Rosenblatt secures late-night leisure venues for Luminar
City firm Rosenblatt is celebrating its first deal for new client Luminar. The firm advised Luminar on the £9.8m acquisition of 10 nightclubs from the Nightclub Company. The clubs are located across the UK. Rosenblatt was approached by Luminar for the work because of the reputation of senior partner Ian Rosenblatt. The deal was led by corporate partner Rosenblatt with Cathy Cearns. Hammonds and Speechly Bircham acted for the Nightclub Company.
Ashurst advises H&M on flagship West End lease
Ashurst has strengthened its relationship with H&M Hennes (H&M), the Swedish fashion retailer, by advising on a 40,000 sq ft lease for the redeveloped Dickins & Jones building on London’s Regent Street. The property is to become H&M’s flagship store. Previous instructions from H&M include advising on the lease of Oxford Street, Regent Street, Covent Garden, Bluewater and the Bullring in Birmingham. Richard Vernon led the Ashurst team. Berwin Leighton Paisner, led by Garry Ritter, is acting for the developer Shearer Property Group and Delancey Estates.
Lovells helps SABMiller cash in on BevCo stake
Lovells, in conjunction with Dewey Ballantine, is advising long-standing client SABMiller, the beer brewer, on its cash acquisition of the remaining 41.8 per cent minority stake in its Central American subsidiary BevCo. The book value of the gross assets was approximately $464m (£271m). Lovells has previously acted for SABMiller on the acquisition of the remaining shares in Backus, the Peruvian beverage maker which closed in October. John Davidson led the Lovells team while Stephen Jones headed the Dewey Ballantine team. US firm Fowler Rodriguez Chalos acted for the existing shareholders.