Bedell Cristin acted for The Royal Bank of Scotland plc and Barclays Bank plc as joint lead arrangers in connection with syndicated acquisition facilities of £180 million made available to Evergreen Extra MSA Holdings Limited, an acquisition vehicle established by M3 Capital Partners to acquire a portfolio of UK motorway service areas, from Swayfield (in administration). DLA Piper UK LLP's Birmingham office acted as UK advisers to the banks. The syndicate consisted of Barclays Bank plc, National Westminster Bank plc and Santander Corporate Banking.
The Bedell Cristin team was led by Jersey banking partner Mark Dunlop and included senior lawyers Malcolm Ellis and Bernard Woo. The team advised on all Jersey legal aspects relating to the transaction.
Mark Dunlop, commented: "We are delighted to have helped the syndicate achieve successful completion of this prestigious transaction. Our involvement demonstrates again our ability to provide first-rate assistance in the most significant and complex transactions."
If you would like any further details in relation to Bedell Cristin's banking and corporate finance capabilities, please do not hesitate to contact Mark Dunlop or Malcolm Ellis.