Lovells leads Autogrill's £545m duty free splurge
Lovells has landed a plum role advising new client Autogrill on its £545m purchase of World Duty Free Europe (WDF) from airport operator BAA. M&A partner Steven Bryan is leading the team for the top 10 City law firm, alongside fellow partners Kevin Ashman (tax), David Harper (employment) and Nick Broomfield and Lesley Ainsworth (both competition).
March 11, 2008 at 09:41 AM
2 minute read
Lovells has landed a plum role advising new client Autogrill on its £545m purchase of World Duty Free Europe (WDF) from airport operator BAA.
M&A partner Steven Bryan is leading the team for the top 10 City law firm, alongside fellow partners Kevin Ashman (tax), David Harper (employment) and Nick Broomfield and Lesley Ainsworth (both competition).
The deal sees Autogrill gain the exclusive rights to run 58 duty-free retail outlets at London Heathrow, Gatwick and Stanstead in a 12-year concession from BAA, subject to regulatory clearance.
The role represents a boost for Lovells' corporate team, with Autogrill having last year turned to elite City firm Slaughter and May for advice on its acquisition of UK retailer and caterer Alpha Airports Group for around £194m.
The latest deal comes as BAA continues with its ongoing disposal of non-core assets in a bid to reduce existing debts.
Freshfields Bruckhaus Deringer advised regular client BAA, with corporate partner Laurie McFadden leading for the magic circle giant.
Additional advice was provided by intellectual property (IP) partner Richard Lister and senior associates Tim Wilmot (corporate) and Lindsey Canning (IP).
Lovells' Bryan commented: "[Autogrill was] very happy with the work we did for them and we're optimistic of working together on future deals."
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllDavis Polk Veterans Launch M&A, Private Equity Boutique in France & Italy
2 minute readDentons and Eversheds Advise on Billion-Dollar Gulf Infrastructure Projects
3 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250