Portobello Starboard’s Acquisition of 12 High Quality Freehold Pubs

In UK TLT LLP, advised on the matter.

TLT LLP advised Downing LLP with a team including Alice Gardner (Picture – Corporate M&A), Mark Braude (Tax M&A and Deal Advisory).

12 high quality freehold pubs have been sold by various entities, backed by funds managed by investment manager Downing LLP.

The pubs, which are all located in London villages and suburbs, were sold to Portobello Starboard, an acquisition platform backed by private equity firm Zetland Capital and operated by Portobello Brewery. 

Zetland Capital will provide further financial support, as the business looks to grow through acquisitions across London and the south of England.

Downing is an investment manager with over 30 years’ experience, £1.5 billion worth of assets under management and thousands of investors.

The TLT team was led by corporate partner Alice Gardner (Picture), alongside associate Henry Male, solicitor Nav Mesbah and trainee Graeme Macpherson (corporate); legal director Rachel Channer (real estate); and partner Mark Braude and associate Andree Parker (tax).

 

Involved fees earner: Mark Braude – TLT LLP; Rachel Channer – TLT LLP; Alice Gardner – TLT LLP; Henry Male – TLT LLP; Nav Mesbah – TLT LLP; Andree Parker – TLT LLP;

Law Firms: TLT LLP;

Clients: Downing LLP;

Author: Giulia Di Palma