A&O and latham scoop oyster sale

Allen & Overy (A&O) and Latham & Watkins advised on the £50m sale of luxury yacht builder Oyster Marine to private equity house Balmoral Capital. Private equity start-up Balmoral was launched in 2007 by two former Credit Suisse First Boston bankers.

The company was advised on the Oyster acquisition by Latham partner Michael Immordino, who is based between London and Milan. The A&O team, which acted for new client Richard Matthews who started up Oyster, was led by corporate partner Susan Howard with assistance from Giles Rowbotham.

The deal also included a debt element, which was organised by Latham.