SwissportALD’s Acquisition Of No.1 Lounges Ltd

In UK Charles Russell Speechlys, advised on the matter.

Charles Russell Speechlys advised John Upton, No.1 Lounges Ltd with a team including Helen Coward (Tax M&A and Deal Advisory), Nick Hurley (Human Capital), Hamish Perry (Picture – Corporate M&A).

No.1 Lounges Ltd, the UK airport lounges operator (also operating under the brand “Clubrooms”), has been sold to SwissportALD, a joint venture between Swissport and Airport Dimensions. SwissportALD will run nine No1 Lounge properties at the UK’s London Heathrow, London Gatwick, and Birmingham airports.

The No.1 Lounge spaces will retain their existing brand identity, and SwissportALD intends to continue to provide the full range of existing No.1 products, including Premium Security (express security) at Gatwick airport, enhanced by Airport Dimensions’ digital and physical technologies.

The new venture also means members of Priority Pass, the world’s largest independent airport lounge access programme, will once again be able to access the No.1 network. Airport Dimensions and Swissport will continue to work with partners such as Holiday Extras, Lounge Pass, Dragon Pass and TUI to provide No1 Lounges for their members and guests, and day passes will continue to be available to travellers via the No1 website.

The Charles Russell Speechlys team, led by Corporate Partner Hamish Perry (Picture) included Nathan Lightman, Jeff Carvell, George Lawson and Giulia Brunello (Corporate), Cara Fulker (Banking) Helen Coward and Elliot Michaelson (Tax) and Nick Hurley (Employment).

Involved fees earner: Helen Coward – Charles Russell Speechlys; Cara Fulker – Charles Russell Speechlys; Nick Hurley – Charles Russell Speechlys; Nathan Lightman – Charles Russell Speechlys; Elliot Michaelson – Charles Russell Speechlys; Hamish Perry – Charles Russell Speechlys;

Law Firms: Charles Russell Speechlys;

Clients: John Upton; No.1 Lounges Ltd;

Author: Giulia Di Palma