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.