Field Fisher Waterhouse advises UK’s largest nightclub operator on sale of 26 bars
13 May 2008
Field Fisher Waterhouse LLP has worked alongside
CMS Cameron McKenna LLP in advising Luminar Group Holdings plc, the
UK’s largest operator of licensed late-night venues, on a
reorganisation of their corporate structure and the subsequent sale
of 26 bars to Cavendish Bars Limited.
Cavendish Bars will purchase five individual
disposal companies for £1 each on a going concern basis. The
disposal companies are responsible for all of the leases of the
bars being sold and are contingently liable as guarantors for a
number of other non-core units. These included all of the leases
relating to units that were sold by Luminar to Candu Entertainment
Group Limited in June 2005.
The sale completes the streamlining of Luminar’s
business to 90 clubs, with an additional 18 awaiting
Field Fisher Waterhouse advised Luminar on
real estate and IP matters, and CMS Cameron McKenna advised on
corporate issues. This deal further demonstrates the strength and
depth of Field Fisher Waterhouse’s multidisciplinary Hotels & Leisure Group, which acts for a
range of leading companies in the sector including Wyndham
Worldwide, Holiday Inn and Whitbread.
The Field Fisher Waterhouse team was led by
Head of Real Estate, Paul Houston. The team also included real estate
partner Ramatu Banga, solicitor John
Downs and John Olsen, Head of Trade Marks
and Brand Protection.
The CMS Cameron McKenna team was led by Head of
Corporate, Andrew Sheach. The team also included Alana Perrin,
Nina Tsiporina, Georgina Howard and Sarah Buxton.
Paul Houston said:
“Luminar have been a client of Field Fisher Waterhouse’s for many
years and we are delighted to have advised the company on this
major strategic deal.”
Berwin Leighton Paisner (Louise Workman, Ben
Larkin and Ben Warth) acted for Cavendish Bars.
For further press information, please
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on +44 (0)20 7861 4120
Scarlett Yianni, PR Assistant,
Field Fisher Waterhouse LLP on +44 (0)20 7861 4795