Ashurst advised Kier Group plc with a team including Christopher Bates (IP&IT), Braeden Donnelly (Corporate M&A), Tim Gummer (Tax M&A and Deal Advisory), Henry Moss (Real Estate), Eleanor Reeves (Public Law), Tim Rennie (Corporate M&A), Nick Williamson (Corporate M&A).
Kier Group announced its intention to sell its Living division, which employs around 450 people, in a strategic review in 2019. The business will continue to be run by its existing leadership team.
The sale, due to be finalised over the coming weeks (subject to shareholder approval), will create a standalone UK house building business, to be re-branded Tilia Homes.
Kier Living is a housebuilding business with established operations across four of the most affordable regions in England. Kier Living’s principal focus is providing well-priced, low-rise, mixed-tenure suburban family homes through open-market sales.
The AG team was led by Corporate Partner Graham Cross (Picture) alongside Real Estate Partners William Boss and Cathy Fearnhead.
The Ashurst team is being led by corporate partner Nick Williamson assisted by senior associate Harry Thimont and associates Jake Hadfield, Kiara de Silva and Anxin Hua. Real estate partner Henry Moss led on real estate matters assisted by counsel David Razzell and associate Kate Mullan. Partner Tim Gummer provided tax advice assisted by associates Shayaan Zaraq Bari and Becky Hart. Partner Eleanor Reeves and senior associate James Nierinck provided advice on environmental matters. Partner Christopher Bates, assisted by senior associate Richard Holmes and associate Harry Newton, advised on the transitional services agreement and related matters. Counsel John Gordon, senior associate Hannah Martin and senior associate Rebecca Servian advised on pensions, employment and incentives matters respectively, and counsel Don McCombie advised on IP matters. Partners Braeden Donnelly and Tim Rennie also advised.
Involved fees earner: William Boss – Addleshaw Goddard; Graham Cross – Addleshaw Goddard; Catherine Fearnhead – Addleshaw Goddard; Shayaan Zaraq Bari – Ashurst; Christopher Bates – Ashurst; Kiara De Silva – Ashurst; Braeden Donnelly – Ashurst; John Gordon – Ashurst; Tim Gummer – Ashurst; Jake Hadfield – Ashurst; Becky Hart – Ashurst; Richard Holmes – Ashurst; Hannah Martin – Ashurst; Don McCombie – Ashurst; Henry Moss – Ashurst; Kate Mullan – Ashurst; Harry Newton – Ashurst; James Nierinck – Ashurst; David Razzell – Ashurst; Eleanor Reeves – Ashurst; Tim Rennie – Ashurst; Rebecca Servian – Ashurst; Harry Thimont – Ashurst; Nick Williamson – Ashurst;