City Trio Advising on £1.4B Student Living Deal
Magic circle firm among line up.
July 03, 2019 at 05:47 AM
2 minute read
Clifford Chance, Herbert Smith Freehills and Bryan Cave Leighton Paisner (BCLP) are leading as a U.K. student accommodation company targets its rival in a £1.4 billion takeover.
The Unite Group is looking to acquire Liberty Living Group from pension fund manager the Canada Pension Plan Investment Board (CPPIB).
As rivals in the U.K. student accommodation market, Unite houses about 50,000 students in 130 properties across 22 university cities, while Liberty manages more than 24,000 beds across 51 student residences, with a portfolio valued at about £2 billion.
HSF is representing Unite on the transaction, with a team led by M&A partner Alex Kay, equity capital markets partner Charles Howarth, and competition partner Andre Pretorius, a person with knowledge of the deal confirmed.
BCLP also has a role for Unite, the person added, advising on real estate and financial elements of the deal with funds and investment management partner Justin Cornelius acting.
Clifford Chance is advising CPPIB, a spokesperson at the firm confirmed. CPPIB has about $392 billion under management, and has often called on CC and other Magic Circle firms for advice in recent years.
In 2015, it advised CPPIB when it bought a one-third stake in the UK's largest owner of ports, Associated British Ports, for £1.6 billion.
This content has been archived.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 All
As Uncertainty Continues Over PGA Merger, LIV Golf Hires Entertainment Industry Veteran as Legal Chief
Ted Olson, Legal 'Titan' and Former US Solicitor General Who Argued Bush v. Gore, Dies
Trending Stories
- 1Republican Who Might Become FTC's Next Chair Blasts Democratic Commissioners' 'All Mergers Are Bad' Mindset
- 2The Law Firm Disrupted: It's Bonus Time
- 3Maryland Atty Pushes Judge to Grant Discovery in Reverse Discrimination Suit Against King & Spalding
- 4Thompson Coburn Hit With Class Action Over Data Breach
- 5The Coming of Trump's Judicial Picks Spurs Liberals to Press for Biden's
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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
