The deal values EIG at £3 billion (Image: Pixabay)CMS and Kirkland Toast Multibillion-Pound Pub Deal
The deal is one of the biggest for CMS since its three-way merger.
July 18, 2019 at 06:09 AM
2 minute read
Kirkland & Ellis and CMS are advising on one of the U.K.'s largest pub acquisitions.
The U.K.'s Stonegate Pub Company – owner of pub chains Slug & Lettuce and Yates's – is buying pub outfit EI Group (EIG) in an all-cash offer valuing the business at £2.97 billion, including debt.
EIG is the largest owner of pubs in the U.K., with more than 4,000 properties across England and Wales.
Kirkland is advising Stonegate, with corporate partners David Holdsworth, Stuart Boyd and Dipak Bhundia leading.
Meanwhile, EIG has turned to CMS, which has fielded a team including partners Gary Green, Gordon Anton and Alasdair Steele who are advising on corporate and M&A matters, with Caroline Hobson overseeing competition law matters.
The deal, which is set to complete in the first quarter of 2020, is one of the largest that CMS has advised on since its three-way merger in 2017.
The firm also advised Colgate-Palmolive on a €1.5 billion acquisition of Laboratoires Filorga Cosmétiques, which was also announced this week.
Stonegate itself began trading in 2010 after acquiring 333 pubs from Mitchells & Butlers. Prior to the latest deal, it had a national estate of more than 765 operating outlets.
The deal is the latest in a series of multibillion-pound acquisitions that have been announced this week. Others include Blackstone's acquisition of CRH's Europe Distribution business and CVC's purchase of Bosch's packaging machinery business.
This content has been archived.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
Pogust Goodhead Set to Axe Roles as Accounts Remain Overdue
Trending Stories
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
