Leading offshore law firm Appleby, alongside Skadden, Arps, Slate, Meagher & Flom LLP and Latham & Watkins LLP have acted as counsel to the Issa Brothers and TDR Capital on their successful bid to acquire the Asda Group from Walmart. The Asda Group was acquired by Walmart in 1999 and is one of the biggest supermarket groups in the UK. The acquisition values the Asda Group at approximately GBP6.8 billion.

Appleby’s Corporate and Banking teams advised on the Jersey law aspects of the successful bid, supported by colleagues in Appleby Global Services.

The Appleby team comprised Partner Andrew Weaver, Senior Associate Kevin McQuillan and Associates Daniel Healy and Lebogang Maimane.

Appleby Partner Andrew Weaver commented:

“We were very pleased to have acted on this transaction, which demonstrates the strength and depth across our various teams plus our ability to assist clients in market leading, time sensitive transactions.  The acquisition is testament to the entrepreneurship and ambition of the buying team and we look forward to assisting them as they take the next steps in this latest venture.”

Appleby’s Merger and Acquisitions (M&A) team is well-positioned to advise clients on a wide range of M&A activities.  Its unique jurisdictional reach means that Appleby is able to advise clients on complex, cross-border transactions involving the offshore jurisdictions that are most often encountered.  The team regularly work with FTSE 100 and Fortune 500 companies around the globe and those with financial interests in them, to help them deploy strategic growth and restructuring initiatives, whether involving single jurisdictions or complex multi-jurisdictional, multi-disciplinary transactions.

Share
Twitter LinkedIn Email Save as PDF
More Deals
7 Oct 2020 | Deals

Appleby represent North Group on Transfer of Jersey Insurance Business

Leading offshore law firm Appleby acted as Jersey counsel to The North of England P&I Associatio...

12 Mar 2020 | Deals

Appleby advise purchasers of St John's Manor

Sale of one of the Channel Islands’ most prestigious country estates. Leading law firm Appleby ...

Contributors: Jonathan Anderson
20 Feb 2020 | Deals

Applely advise OakNorth Bank Plc in a financing deal for LV Care Group

Appleby has acted as lead counsel for OakNorth Bank Plc in financing arrangement for LV Care Group. ...

22 Jul 2019 | Deals

Appleby advises Vanke Property (Overseas) Limited on its HKD 1,138.34 million transaction

Appleby acted as BVI, Cayman Islands and Jersey counsel for Vanke Property (Overseas) Limited (Vanke...

Contributors: Paul Cheuk, Minnie Choi
19 Jul 2019 | Deals

Appleby Advise the SMP Group on its Acquisition of Helm Trust Company Ltd

Appleby acted as legal counsel to the SMP Group of Companies, in relation to the acquisition of Helm...

10 Jul 2019 | Deals

Appleby Advises Petropavlovsk plc on Issue of USD125 Million Bonds

Appleby’s Jersey team led by Partner, Andrew Weaver and assisted by Associate, Zim Ceko advised an...

24 Jun 2019 | Deals

Appleby advise Palatine Private Equity on its investment in SMP Partners

Appleby acted as legal counsel to Palatine Private Equity LLP (Palatine) on its recent investment in...

29 May 2019 | Deals

Appleby advises JPMorgan Chase Bank, N.A. on USD1.25 billion credit facility

Leading offshore law firm Appleby advised JPMorgan Chase Bank, N.A. in relation to the Jersey law as...