Mayer, Brown, Rowe & Maw LLP advises Midland Group on its acquisition of Jordan Formula One team
26 January 2005 – Mayer, Brown, Rowe & Maw LLP represented new client Midland Group in relation to its acquisition of the whole of the issued share capital of Jordan Grand Prix Holdings Limited and with it the Jordan Grand Prix motor racing operation. The deal completed on 21 January, 2005. The consideration of the deal remains undisclosed.
Client Partner Iain Thomas who co-led the Mayer, Brown, Rowe & Maw team advising Midland Group, commented: “This was a very exciting deal and a great way to kick off our relationship with a new client. Formula One is one of very few truly global sporting events and is a great way for Midland to promote its global brand. The fit with Mayer, Brown, Rowe & Maw’s global capability and experience is one which we are looking forward to developing.”
Partner Iain Thomas and corporate partner Robert Hamill led the Mayer, Brown, Rowe & Maw team, assisted by corporate assistant Richard Thomas.
Burges Salmon LLP advised Blackbear Limited, the majority shareholder in Jordan Grand Prix Limited and Eddie Jordan was advised by Fladgate Fielder.