Macfarlanes advises a leading European headquartered secondary private equity firm, on purchase of stake in Liberty department store
24 July 2019Macfarlanes has advised a fund managed by a secondary private equity firm on the acquisition of a c.40% stake in the famous London department store Liberty in a deal valuing the business at around £300m.
Liberty, which was founded in 1875, is a world-renowned store focusing on luxury items such as fabrics, jewellery and perfume.
The Macfarlanes team was led by corporate and M&A partners Luke Powell and Stephen Pike with assistance from senior solicitor Ceri-Ann McGraa and solicitors Danny Williams and Michael Stern. Tax advice was provided by tax and reward partner James McCredie and solicitor Paddy Croft, with partner Malcolm Walton assisting on competition elements.
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