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28 Aug 2019

Stephenson Harwood advises on £139 million takeover of easyHotel

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Law firm Stephenson Harwood LLP is advising easyHotel on its £139 million takeover by a consortium consisting of Ivanhoé Cambridge and ICAMAP Investments.

Ivanhoé Cambridge, a Canadian investment fund, and ICAMAP Investments, a Luxembourg-based property fund manager, worked as consortium owners of Citrus UK Bidco to secure the takeover. The offer values easyHotel’s shares at 95 pence per share. easyHotel, headquartered in London, is an AIM-listed international budget hotel chain.

Stephenson Harwood also advised easyHotel on its IPO in 2014 and two secondary fundraisings in 2016 and 2018, which raised £38 million and £50 million respectively, to fund further expansion.

The Stephenson Harwood team was led by corporate partner Tom Page, with support from relationship partner Tom Nicholls and corporate finance associates Thomas Parker and Matt Kinghorn. Employee incentives partner Barbara Allen provided share options advice.

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KEY CONTACT

Tom Nicholls

Tom Nicholls
Partner

T:  +44 20 7809 2555 M:  +44 7843 517 965 Email Tom | Vcard Office:  London

Tom Page

Tom Page
Partner

T:  +44 20 7809 2021 M:  +44 7813 600 516 Email Tom | Vcard Office:  London

Thomas Parker

Thomas Parker
Associate

T:  +44 20 7809 2596 M:  +44 78 8131 3344 Email Thomas | Vcard Office:  London

OTHER CONTACTS

MEDIA CONTACT

Rose Russell
Communications & PR Executive

T: +44 20 7809 2961 
Email Rose

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