Macfarlanes advises Glendower Capital on purchase of stake in Liberty department store
Liberty, which was founded in 1875, is a world-renowned store focusing on luxury items such as fabrics, jewellery and perfume.
Glendower Capital is leading the private equity-led consortium purchasing this stake from Bluegem Capital who invested in Liberty in 2010.
The Macfarlanes team was led by corporate and M&A partners Luke Powell and Stephen Pike with assistance from senior solicitor Ceri-Ann McGraa and solicitors Danny Williams and Michael Stern. Tax advice was provided by tax and reward partner James McCredie and solicitor Paddy Croft, with partner Malcolm Walton assisting on competition elements.
Luke Powell comments: “We are delighted to have helped Glendower buy in to the iconic Liberty business and look forward to seeing the business grow and develop in the years ahead.”