Our regular round-up of deals involving Irish law firms. Submit your deals to firstname.lastname@example.org.
- Arthur Cox advises Flutter Entertainment on £813m share placing
Arthur Cox has advised Flutter Entertainment on its successful share placing raising gross proceeds of £812.6 million.
The placing proceeds will enable Flutter to accelerate its US strategy, increase investment to enhance Flutter’s competitive position, facilitate a faster de-leveraging of the Flutter group and bolster the Flutter group in a more uncertain environment. Goldman Sachs and Davy acted as joint global co-ordinators and joint bookrunners in respect of the placing.
Corporate and M&A partner Maura McLaughlin led the Arthur Cox team, with support from corporate and M&A associates David Vos, Christopher O’Reilly and Amina Flynn.
- BHSM advise on €110m AIB debt facility to Valley Healthcare
Corporate law firm BHSM has advised the state-backed Valley Healthcare Fund on securing a €110 million debt facility from AIB.
The Dublin-based firm’s real estate team worked with Valley Healthcare, Glencar Healthcare, AMP Capital and the wider team on the transaction.
Real estate partner Rob Gibbons and senior associate Siobhan Whelan advised on the deal.
- ByrneWallace advises meat company M&M Walshe on acquisition
ByrneWallace has advised the owners of Irish meat supplier M&M Walshe Holdings Limited in relation to its acquisition by Eight Fifty Food Group.
The processor and multi-channel supplier of gammon, bacon and sous vide products employs around 550 people across three sites in the Ireland and UK.
The business will be integrated into Eight Fifty’s pork division and, post transaction, Eight Fifty will have sales of around £1.4 billion and employ more than 7,500 people across Ireland and the UK. The Walshe family, who have operated M&M Walshe since its foundation in 1981, will remain involved in the business post-transaction.
Eamonn Carey, senior associate in the corporate team, led the ByrneWallace team advising on the transaction.
He was assisted by corporate solicitor Bianca McLaughlin, employment partner Deirdre Lynch, head of tax Anthony Smyth, tax solicitor Laura O’Malley, property associate Olivia Browne, partner and pensions head Liam Connellan, corporate solicitor Conor Moran, banking solicitor Laurenda Channing and corporate secretarial Aisling Kennelly.
- A&L Goodbody advises CVC Capital Partners on Pro14 Rugby share purchase
A&L Goodbody has advised private equity firm CVC Capital Partners on its purchase of a 28 per cent share in Pro14 Rugby.
The remaining 72 per cent will continue to be owned by the Irish, Welsh, Italian and Scottish rugby unions.
CVC already owns a 27 per cent share in Premiership Rugby and is attempting to buy into the Six Nations, The Irish Times reports.
A&L Goodbody tweeted: “The investment made is testament to CVC’s commitment to the game of rugby.”
- Beauchamps advises Paragon Group on acquisition of business of Spicers Ireland
Beauchamps has advised Paragon Group on their acquisition of the business and assets of office supplies company, Spicers Ireland.
Spicers Ireland is based at the Citywest Business Campus, Dublin 24. It is part of a UK-based group, and has been operating in Ireland for over 30 years.
Paragon Group is a leading provider of customer communications, identification, graphics and workplace services.
The Beauchamps team was led by corporate partner Mark Pery-Knox-Gore and supported by employment partner and head Sandra Masterson Power.