Slaughter and MaySlaughter and May Bags £338M Private Equity Mandate
The firm's relationship with U.S. investor Fortress offers a toehold to the firm's ambitions of gaining market share in the highly competitive market
November 29, 2024 at 06:31 AM
2 minute read
Slaughter and May has bagged a private equity mandate, acting for Fortress Investment Group on the £338.3m acquisition of U.K. cafe-bar restaurant chain, Loungers.
Despite the strength of Slaughter and May's M&A practice, its move into private equity has been slow off the mark. A previous mandate from the U.S. investment group looked to position the firm as serious players in the space when it advised on a £6.3 billion cash offer for U.K. supermarket chain Morrisons, but the bid was unsuccessful.
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