Freshfields, CC and Macfarlanes among advisers on Tesco's £3.7bn Booker purchase
Magic circle duo lead on retailer's acquisition of Londis and Budgens owner
January 27, 2017 at 05:34 AM
2 minute read
Clifford Chance (CC) and Freshfields Bruckhaus Deringer have taken the lead roles on Tesco's £3.7bn acquisition of food wholesale operator Booker Group.
The purchase of Booker, which owns retail brands including Londis, Budgens and Makro, will create "the UK's leading food business", according to Tesco, "with combined expertise in retail, wholesale, supply chain and digital".
CC advised Booker on the deal, with a team led by corporate partner Lee Coney and competition partner Greg Olsen, alongside corporate partner David Pudge.
Tesco, meanwhile, turned to longstanding adviser Freshfields, which fielded a team led by Claire Wills, the head of the firm's retail sector group in London. The firm's team also included corporate partner Stephen Hewes and competition partners Alistair Chapman and Deirdre Trapp.
Macfarlanes also took a role on the deal, advising Greenhill, Tesco's financial adviser, with company and corporate partner Graham Gibb in the lead role.
Freshfields is one of Tesco's key legal advisers, alongside Berwin Leighton Paisner (BLP). The magic circle firm focuses on corporate/commercial matters, while BLP handles real estate work.
Last year, Freshfields also advised Tesco on the sale of its coffee chain Harris + Hoole to Caffe Nero, while in 2015 it acted on the £4.2bn sale of its Korean business, Homeplus. The firm was also called upon in 2014 to review accounting failings that led to the supermarket chain overstating its profit forecasts for the first half of the year by an estimated £250m.
Tesco has in the past used Ashurst and Clyde & Co for real estate work; however, a streamlining of its key legal advisers in 2014 saw BLP established as the company's go-to real estate adviser.
This content has been archived.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
Norton Rose Racial Discrimination Complaint Triggered South African IT Probe
4 minute read
Hogan Lovells Takes Partner Quartet, Hiring from Dechert, Ashurst in Singapore
Trending Stories
- 1Why Kramer Levin Decided to Merge
- 2Judicial Ethics Opinion 24-61
- 3Decision of the Day: School District's Probe Was a 'Sham'; Title IX Administrator Showed Sex-Based Bias
- 4US Magistrate Judge Embry Kidd Confirmed to 11th Circuit
- 5Shaq Signs $11 Million Settlement to Resolve Astrals Investor Claims
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
