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Herbert Smith acted for First Choice Holidays on its £40m acquisition of sailing and specialist tour operator Sunsail International from its management, Mercury Asset Management and ECI Ventures. The issue of approximately 25 million First Choice ordinary shares raised £35m, with the balance dependent on profits for the current year. Corporate partner David Paterson led the team. Bristol-based Bond Pearce, led by corporate partner Mark Hepworth, advised the vendors of Sunsail.


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