Macfarlanes advises Elegant Hotels on £100m takeover

18 October 2019

Macfarlanes has advised Elegant Hotels, the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, on a recommended takeover of the company by Marriot International.

The Macfarlanes team for this matter was led by corporate and M&A partner Harry Coghill, with assistance from corporate and M&A senior counsel Mark Slade and corporate and M&A senior solicitor Nicholas Page. Tax advice was provided by tax and reward partner Jeremy Moncrieff and shares schemes input by senior counsel Rasmus Berglund.

Harry Coghill comments: "We have had a long association with Elegant Hotels, stretching back to its period under private equity ownership. Having supported the company through its IPO and life as a public company, we were pleased to advise on this transaction, which delivers a substantial premium to shareholders.”