DLA, Freshfields and Jones Day score roles on sale of West Ham

DLA Piper, led by partners Mel Sims and Alex Griffiths with associates Patrick Tweedale and Sarah Walters, advised Sullivan on the purchase of a 50 per cent stake in the club from asset managers CB Holdings, valuing the club at £105m.

Freshfields partner Neil Falconer and associate Lauren Giblin, advised CB Holdings, whose majority shareholder with a 70 per cent stake is the Icelandic investment bank Straumur.

Jones Day, led by business restructuring head Adam Plainer, and partners Paul Bromfield and Ed Borrini, represented the banking syndicate.

“We’re pleased to have worked with the syndicate of banks on this deal, which should ensure that West Ham United can continue in the Premiership without any uncertainty hanging over the club’s future,” said Plainer.

Jones Day also represented the banking syndicate in CB Holdings’ acquisition of West Ham United from investment vehicle Hansa, owned by Bjorgolfur Gudmundsson, in June 2009.