MBRM advises atkins on LSH disposal

Mayer Brown Rowe & Maw (MBRM) has advised consultancy group WS Atkins on the disposal of its UK-based property agency business Lambert Smith Hampton (LSH) to De Facto 1498. The purchaser is a company backed by LSH Management and Bank of Scotland Integrated Finance (BoSIF). MBRM corporate partner Richard Page led the team with assistants Stephen Beales and Gabriel Olearnik, with advice from tax partner Peter Steiner and assistant Stephen Green and real estate assistants Matthew Robinson and Andrew Chester. Berwin Leighton Paisner and Wedlake Bell advised De Facto’s management. BoSIF was advised by Travers Smith. Completion is subject to regulatory approval. The initial consideration, based on an enterprise value of £46.5m, has been satisfied. An additional amount of up to £10m will be payable, depending on the financial performance of LSH.