Ogier has assisted Macfarlanes with advising Caledonia Investments on its £118m acquisition of The Liberation Group from LGV Capital.

The Liberation Group is the Channel Islands’ market-leading pub, restaurant and drinks business. It has 94 managed and tenanted pubs in the Channel Islands and south-west England, two award-winning breweries (Liberation Brewery which produces Liberation Ale, and Butcombe Brewery which produces Butcombe Bitter) and three drinks distribution businesses.

Contracts have been exchanged for the acquisition and completion is subject to satisfaction of certain conditions, including the approval of The Channel Islands Competition and Regulatory Authorities (CICRA).

Caledonia aims to use its longer term partnership model to build the The Liberation Group business through a combination of enhanced organic growth and acquisitions of pubs in the south of England.

Ogier fielded a multi-jurisdictional team providing advice and assistance on the laws of Jersey, Guernsey and Alderney in a range of areas including corporate, finance, property, employment, pensions, planning, liquor licensing and competition.

The transaction was led in the Channel Islands by partner Bruce MacNeil, property partners Jonathan Hughes and Martyn Baudains and corporate partners Marcus Leese and Sara Johns. They were supported by a wide team of associates from Ogier’s Jersey and Guernsey offices.