In these unprecedented times, all loan deals are being stress tested. Both borrowers and lenders alike have their own issues from meeting payment obligations and satisfying financial covenants to liquidity ratios and revaluing portfolios. From a borrower’s perspective, generally speaking force majeure clauses don’t appear in debt finance documents. If they don’t then under English […]
Fladgate was delighted to advise the corporate ventures arm of Ocado Group, the world-leading online grocer and developer of innovative infrastructure solutions on its partnership and investment in Infinite Acres, a full-service solution provider for indoor farming. Infinite Acres sees Ocado Ventures partnering with the Cincinnati, Ohio-based indoor farming specialist 80 Acres Farms and the […]
Fladgate has advised Seko S.p.A, an Italian based global leader in the design and manufacture of dosing pumps and metering systems on the acquisition of the UK headquartered Brightwell Group. Brightwell is a designer and manufacturer of professional hygiene equipment and chemical dispensing and dosing systems. Brightwell is already active in 85 countries and will […]
Fladgate was delighted to act for Pyser Optics Limited, a portfolio company of Privet Capital, in relation to the sale of their Graticules division to AIM quoted group, Scientific Digital Imaging Plc. Graticules Optics is a designer and manufacturer of precision reticle, aperture, grating and micropattern products on glass, ceramics, film and in metal foils […]
Fladgate LLP acted for Flora Developments Limited, a subsidiary of ABIL Infraprojects Limited, India which is a large Indian construction, real estate development and hospitality company, for the acquisition of prime real estate in Central London known as Griffin House, 5/6 Strand, London WC2N 5HR for a purchase price of £92.5 million. The property currently […]
Fladgate’s hotel team has advised clients on the provision of funding, by Coutts & Co, for the redevelopment of two sites in Dundee into InterContinental Hotels Group branded hotels. The team advised on the negotiation and agreement of finance documents including the facility agreement and security as well as the associated hotel management and franchise […]
Fladgate LLP is delighted to have achieved across the board rankings in the recently launched 2017 edition of the Legal 500 Guide to the UK Legal Profession. The firm achieved 26 rankings, with 59 lawyers attaining 91 individual recommendations. Commercial contracts Fladgate LLP enhanced its commercial contracts offering with the recruitment of James Earl, an expert in the […]
Fladgate client Hodson Developments has secured planning and funding to commence a new garden city project near Ashford, Kent, known as the Chilmington Green Development. Chilmington Green will bring a vibrant, mixed use, new community to the town of Ashford in Kent. It will provide around 5,750 new homes as well as its own high […]
Fladgate LLP has advised Privet Capital (Privet), a private equity investor, on its acquisition of Vivid Toy Group Limited (Vivid) for an undisclosed sum. Vivid is one of Europe’s leading independent branded toys and games companies, licensing, designing, manufacturing and selling a combination of in-house developed toy and games IP and third party intellectual property […]
Fladgate has acted for a borrower group of companies who were collectively advised by Ziser Group in connection with a loan facility from Lloyds Bank for £45m. The security involved four different properties in London, each of which was controlled by a different company. The released funds will be used by the group for further […]
Fladgate LLP has advised Halamar Developments on a complicated refinancing of a property development in Golden Square, Soho, borrowing new funds of more than £50m. The refinancing involved: a corporate reorganisation to insert three levels of holding companies between the property owning company and the ultimate shareholders together with amendment of the existing shareholders agreement […]
Fladgate’s Funds, Finance and Regulatory (FFR) Group has recently advised a Bahraini bank on the £15m acquisition of a development site on the outskirts of London within a Shari’ah funded joint venture structure. The team comprised Ella Leonard (funds partner), Philip Turner (real estate partner), Luke Morris (banking partner), Richard Kaufman (real estate partner), assisted […]
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