Teacher Stern advised Scottish Citylink Coaches Limited on the deal.Scottish Citylink Coaches Limited on its acquisition of the marketing, retail and customer service activities of the Megabus and Falcon businesses and Braddell Limited on its purchase of the shares in Scottish Citylink (of which it already held a 65% interest).
The Citylink/Megabus/Falcon transaction, worth £8.75m, is due to complete on 28 February 2022 and the Teacher Stern team will continue to assist Citylink and Braddell to achieve this target.
The Megabus business markets and retails inter-city coach services in England and Wales and Falcon has specific focus in the the South-West. On completion, Citylink/Braddell will become the UK’s second largest coach operator who are on route to increasing their intercity coaches from 100 to 150. Stagecoach will continue to provide operational services to the coach services for Citylink/Braddell post-completion.
The Teacher Stern team saw Kelly Whitfield (Picture) behind the wheel assisted by Martine Nathan, Andy Hughes, Jenna Grabiner and Reem Kar (Corporate) alongside Uzma Rabi, Neha Solanki and James Wareing (Employment) and Fatima Abdallah (Property).
Involved fees earner: Fatima Abdallah – Teacher Stern; Andy Hughes – Teacher Stern; Martine Nathan – Teacher Stern; Neha Solanki – Teacher Stern; Kelly Whitfield – Teacher Stern; Law Firms: Teacher Stern; Clients: Scottish Citylink Coaches Limited;