Slaughter and May has advised Legal & General Plc on the sale of the UK house builder CALA Group ("Cala") for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital.
The consideration for the sale will result in cash proceeds of £1.16bn (after adjustment for net debt), of which c£500m will be paid at closing with the remaining consideration being paid over the next five years on a deferred non-contingent basis. As at HY24, Cala had a Net Asset Value of £1.15bn and generated operating profits of £42m.
Corporate
Victoria MacDuff
Partner
Hywel Davies
Partner
Phoebe McGibbon
Associate
Conor Burns
Associate
Rory Flynn
Associate
Veronica Bonifacio
Associate
Toby Rose / Trainee
Real Estate
Simon Bartle
Senior Counsel
Eloise James
Associate
Financing
Tax
Pensions
Charles Cameron
Partner
Chris Sharpe
Partner
Ed Hunnisett
Senior Counsel
Josh Fennell
Associate
James Smith
Associate
Employment and Incentives
Technology, Digital, Data and IP
Rob Sumroy
Partner
David Ives
Partner
Chaya Kupperman
Associate
Alexander Gulli
Associate
Alex Buchanan
Associate
Hilal Temel
Associate
Competition