Projects, energy and infrastructure

Blue Transmission

Advising a consortium of Macquarie Capital and Barclays Infrastructure Funds on the acquisition and joint venture aspects of various OFTO projects, including Walney I, Walney II, Sheringham Shoal and London Array.

DIF Infrastructure III

Advising DIF on its acquisitions of a 75% interest in Eurolink Motorway Operations (M3) Limited and a 46% interest in Eurolink Motorway Operations Limited from Cinsac Limited for approximately £61 million.

Semperian PPP Investments Partners

Advising Semperian on its acquisition of a 25% stake in A1 Darrington from KBR.

More: Projects, energy and infrastructure

Investment funds

Jonathan advises corporates and financial institutions on a variety of transactions in the financial services sector, and his recent experience includes:

CLS Group
Advising CLS Group on its sale of Future Climate Info to Dye & Durham Corporation for £55 million and its sale of CLS Risk Solutions to Specialist Risk Group.

Ardonagh Group
Advising Ardonagh Group on its acquisitions of Carole Nash, Mastercover and The Heath Insurance Group.

3 Step IT strategic partnership with BNP Paribas
Advising Finnish-based 3 Step IT on its strategic partnership with BNP Paribas Leasing Solutions to create a leading integrated IT leasing business across various European jurisdictions. 

Charles Stanley
Advising Charles Stanley on the acquisition of certain business records and assets from Full Circle Asset Management.

Jonathan also spent eight months on secondment at HSBC, as part of their corporate restructuring team, advising on the highly complex separation of its retail bank from its investment bank.

More: Investment funds

Corporate real estate

Tristan Capital Partners

Advised on its acquisition of a prime office building in London from WELPUT for £166 million, and its related joint venture with Greycoat Capital Partners.

LaSalle Investment Management

Advised on the acquisition of a 50% stake in Chantry Place Shopping Centre (formerly Chapelfield Shopping Centre) from intu.

Schroders UK Real Estate Fund

Advised on its sale of King’s Mall Shopping Centre, in Hammersmith, to IKEA £135 million.

Europi Property Group

Advised on joint ventures with co-investors in the UK, Portugal and Germany.

More: Corporate real estate

Real estate

Jonathan has advised on over £2 billion worth of real estate related M&A transactions, including:

Tristan Capital Partners

Advising Tristan Capital Partners on the £166 million acquisition of a central London office building from WELPUT.

Tristan Capital Partners

Advising Tristan Capital Partners on the sale of Precision Park business park to abrdn.

Firethorn Trust

Advising Firethorn Trust on the sale of its UK logistics assets to Cain International for £550 million.

Firethorn Trust

Advising Firethorn Trust on the sale of Scottish TV studios in Glasgow to LXi REIT.

Longmead Capital

Advising Longmead Capital on the acquisition of The Pinnacle in Leeds.

Magnetar Capital LLC

Advising Magnetar Capital and Northdale Asset Management on the acquisition of Perry Barr and Corby shopping centres in the Midlands from Europa Capital for £76 million.

Schroder UK Real Estate Fund

Advising Schroder UK Real Estate Fund on the sale of the King's Mall Shopping Centre in Hammersmith, London, to IKEA for £130 million.

Frasers Property

Advising Frasers Property on its acquisition of Lakeshore, a business park near Heathrow, from Evans Randall for £135 million. 

LaSalle Investment Management

Advising LaSalle Investment Management on the £260 million acquisition (on behalf of the Alaska Permanent Fund) of the Bromley shopping centre from intu Plc and its co-investor Aviva, via a corporate investment structure.

LaSalle Investment Management 

Advising LaSalle Investment Management on the £148 million acquisition (on behalf of the Greater Manchester Pension Fund and the West Yorkshire Pension Fund) of a 50% stake in Chapelfield shopping centre in Norwich from intu Plc, followed by the acquisition of the remaining 50% from intu Plc in a separate transaction.

Redical Holdings AG

Advising Redical Holdings AG on its acquisition, alongside Ilmarinen, of Clayton Square shopping centre in Liverpool for £20.25 million.

More: Real estate

Public and private M&A

Jonathan has advised on a broad range of private M&A transactions, including:

CLS Group

Advising CLS Group on its sales of:

• Future Climate Info to Dye & Durham Corporation for £55 million; and 
• CLS Risk Solutions to Specialist Risk Group. 

Trafalgar Entertainment

Advising Trafalgar Entertainment Group on its acquisitions of: 

• HQ Theatres;
• London Theatre Direct (a market-leading theatre ticketing business);
• Stagedoor;
• More2Screen;
• the Stagecoach Performing Arts School; and 
• the Helen O'Grady drama academy.

Ardonagh Group

Advising Ardonagh Group on its acquisitions of: 

• Oxford Insurance Group Limited from USI, Inc.; 
• The Health Insurance Group from AXA PPP Healthcare; and 
• Carole Nash and Mastercover from GUK Broking Services Limited. 

Sutton Winson

Advising the individual selling shareholders on the sale of Sutton Winson to Acrisure for approximately £88 million.

Salutem Healthcare

Advising Salutem Healthcare on its acquisitions of many care home portfolios, including:

• Modus Care;
• Pathways Care Group; 
• Clearwater Care; and
• certain care and education properties and assets from Scope.

RELX Plc

Advising FTSE-100 listed RELX Plc on its sale of Farmers Weekly magazine to MA Agriculture.

Semperian PPP Investment Partners Group

Advising Semperian on its acquisition of a 25% stake in A1 Darrington from KBR, Inc.

Joint ventures

LaSalle Investment Management

Advising on the joint venture between LaSalle Investment Management (on behalf of Blue Transmission the Greater Manchester Pension Fund and the West Yorkshire Pension Fund) and intu Plc (and subsequent restructuring and insolvency advice following the administration of intu Plc in June 2020).

3 Step IT strategic partnership with BNP Paribas

Advising Finnish-based 3 Step IT on its strategic partnership with BNP Paribas Leasing Solutions to create a leading integrated IT leasing business across various European jurisdictions.

Europi Property Group

Advising Europi on a number of property investment joint ventures, including with Trinova Real Estate in the UK, Silverton in Germany and Bedrock Capital Partners in Portugal.

Aviagen

Advising Aviagen on its joint venture with RBZ in Central Africa.

Liberty Latin America

Advising Liberty Latin America on the UK aspects of its joint venture with América Móvil.

More: Joint ventures

Corporate

Leading UK-based high net worth family

Advising a leading UK-based high net worth family on a complex reorganisation of its extensive corporate and real estate assets.

Conegate Limited

Advising on a complex reorganisation of a real estate portfolio.

Trafalgar Entertainment

Advising Trafalgar Entertainment in relation to several equity raisings and general corporate advice.

Liberty Latin America

Advising Liberty Latin America on several corporate reorganisations.

Red Oak Taverns Limited

Advising Red Oak Taverns Limited on its corporate and real estate reorganisation in connection with its acquisition of a portfolio of tenanted and managed public houses.

Capital reductions and share buybacks

Advising on numerous capital reductions, share buybacks and other means of returning capital to shareholders.

More: Corporate

Real estate investors and developers

Jonathan is a recommended lawyer for real estate investment in Legal 500, and his sector experience includes:

Tristan Capital Partners 

Advising Tristan Capital Partners on the £166 million acquisition of a central London office building from WELPUT.

Tristan Capital Partners

Advising Tristan Capital Partners on the sale of Precision Park business park to abrdn.

Firethorn Trust

Advising Firethorn Trust on the sale of its UK logistics assets to Cain International for £550 million.

Firethorn Trust

Advising Firethorn Trust on the sale of Scottish TV studios in Glasgow to LXi REIT.

Longmead Capital

Advising Longmead Capital on the acquisition of The Pinnacle in Leeds.

Magnetar Capital LLC

Advising Magnetar Capital and Northdale Asset Management on the acquisition of Perry Barr and Corby shopping centres in the Midlands from Europa Capital for £76 million.

Europi Property Group

Advising Europi on a number of property investment joint ventures, including with Trinova Real Estate in the UK, Silverton in Germany and Bedrock Capital Partners in Portugal. 

Schroder UK Real Estate Fund

Advising Schroder UK Real Estate Fund on the sale of the King's Mall Shopping Centre in Hammersmith, London, to IKEA for £130 million.

Frasers Property

Advising Frasers Property on its acquisition of Lakeshore, a business park near Heathrow, from Evans Randall for £135 million. 

Alvarium

Advising Alvarium on the equity financing for a residential development at Esplugues de Llobregat in Barcelona.

LaSalle Investment Management

Advising LaSalle Investment Management on the £260 million acquisition (on behalf of the Alaska Permanent Fund) of the Bromley shopping centre from intu Plc and its co-investor Aviva, via a corporate investment structure.

LaSalle Investment Management

Advising LaSalle Investment Management on the £148 million acquisition (on behalf of the Greater Manchester Pension Fund and the West Yorkshire Pension Fund) of a 50% stake in Chapelfield shopping centre in Norwich from intu Plc, followed by the acquisition of the remaining 50% from intu Plc in a separate transaction.

Redical Holdings AG

Advising Redical Holdings AG on its acquisition, alongside Ilmarinen, of Clayton Square shopping centre in Liverpool for £20.25 million.

BTS

Advising BTS on the £75 million acquisition of 33 Gracechurch Street in London.

U City 

Advising U City Public Company Limited on its sale of Underwood Street Limited to WRE.

TISCOM

Advising a leading Thai real estate investor on the sale of a warehouse in Barnsley to M7 Real Estate.

Red Oak Taverns

Advising Red Oak Taverns on its corporate and real estate reorganisation.

More: Real estate investors and developers

Funds and financial services

Jonathan advises corporates and financial institutions on a variety of transactions in the financial services sector, and his recent experience includes:

CLS Group

Advising CLS Group on its sales of:

• Future Climate Info to Dye & Durham Corporation for £55 million; and 
• CLS Risk Solutions to Specialist Risk Group.

Ardonagh Group

Advising Ardonagh Group on its acquisitions of: 

• Oxford Insurance Group Limited from USI, Inc.; 
• The Health Insurance Group from AXA PPP Healthcare; and 
• Carole Nash and Mastercover from GUK Broking Services Limited. 

Sutton Winson

Advising the individual selling shareholders on the sale of Sutton Winson to Acrisure for approximately £88 million.

3 Step IT strategic partnership with BNP Paribas

Advising Finnish-based 3 Step IT on its strategic partnership with BNP Paribas Leasing Solutions to create a leading integrated IT leasing business across various European jurisdictions.

Charles Stanley

Advising Charles Stanley on the acquisition of certain business records and assets from Full Circle Asset Management.

HSBC

Jonathan also spent eight months on secondment at HSBC, as part of their corporate restructuring team, advising on the highly complex separation of its retail bank from its investment bank.

Healthcare

Jonathan's recent sector experience includes:

NMC Healthcare LLC
Advising on its acquisition of Aspen Healthcare from Tenet Healthcare Corporation and its subsequent disposal of Aspen Healthcare to NorthWest Healthcare Properties REIT.

Pathognomics
Advising the shareholders of Pathognomics Limited on the sale of Pathognomics to Cyted.

Salutem Healthcare
Advising Salutem Healthcare on its acquisition of (and related equity financing for) certain care and education properties and assets from Scope.

Salutem Healthcare
Advising Salutem Healthcare on its acquisitions of (and related equity financings for) many care home portfolios, including Modus Care, Pathways Care Group and Clearwater Care.

Salutem Healthcare
Advising Salutem Healthcare on the equity financing of its new senior living business.

More: Healthcare

Insurance

Jonathan's recent sector experience includes:

CLS Group
Advising CLS Group on its sale of CLS Risk Solutions to Specialist Risk Group.

Ardonagh Group

Advising Ardonagh Group on its acquisition of Oxford Insurance Group Limited from USI, Inc..

Ardonagh Group

Advising Ardonagh Group on its acquisition of The Health Insurance Group from AXA PPP Healthcare. 

Ardonagh Group

Advising Ardonagh Group on its acquisitions of Carole Nash and Mastercover from GUK Broking Services Limited.

More: Insurance

Art and cultural property

Jonathan's recent sector experience includes:

Trafalgar Entertainment Group Limited

Advising Trafalgar Entertainment Group on its acquisitions of: 

• HQ Theatres;
• London Theatre Direct (a market-leading theatre ticketing business);
• Stagedoor (a market-leading ticketing app);
• More2Screen;
• the Stagecoach Performing Arts School; and 
• the Helen O'Grady drama academy.

Waddington Custot 

Assisting Waddington Custot Galleries with discrete corporate law advice.

More: Art and cultural property