LAWFUEL – The Law News Network – Allen & Overy LLP said today that it helped to secure the future of iconic London landmark, The London Eye, in a particularly challenging transaction involving complex property and contractual agreements.
A&O assisted Merrill Lynch on financing the acquisition by The Tussauds Group of shares in the London Eye Company Limited, from British Airways Plc and other shareholders.
In addition to the complex underlying property and other contractual agreements the acquisition posed another challenge in closing simultaneously with two sets of shareholders.
Sanjeev Dhuna, lead partner said: “We were pleased to support Merrill Lynch in their continued relationship with Tussauds to bring this high profile deal to market.”
The A&O team was led by Banking partner Sanjeev Dhuna, who was assisted by senior associate Raj Apté, and associates Karim Wali and James Webb. Real Estate advice was provided by senior associates David Barker and Simon Catterall. Corporate advice was given by partner Alison Beardsley, and associate Colin Whittington. IP issues were covered by partner Colin Pearson, and assisted by associate Peter MacIntyre.