London — Mayer Brown advised M3 Capital Partners (M3) and Extra MSA Group (Extra) on the sale of Extra to a consortium of institutional investors.
Extra is a long-standing and market leading specialised developer and owner of strategically located Motorway Services Area (MSA) sites in the UK.
The sale comprised eight MSAs, two dual-sided MSA fuel filling stations and a pipeline of three MSA development projects. The sale of Extra is M3’s second transaction in the sector within the last 12 months following the sale of the Ulysses portfolio of eight MSA sites, operated by Welcome Break under long term leases.
Corporate & Securities partner, Richard Page, said "We are proud of our longstanding relationship with M3, and are always pleased to have the opportunity to work with the M3 team to support the delivery of the strategic objectives for their business."
In addition to Mr. Page, the London-based Mayer Brown team on the deal included partner Andrew Stewart, senior associate Alastair Dolman, associates Madeleine Pryde and Alexander Sperling; Competition & Antitrust partner David Harrison and associate Teresa Gerhold; Employment partner Christopher Fisher and associate Sophie Miller-Molloy; Intellectual Property partner Oliver Yaros and associates Valerie Vanryckeghem and Ellen Hepworth; Pensions senior associate George Carr and associate Alex Knowles-Smith; Finance partner Trevor Borthwick and associate Erica Arcudi; and Tax partner Kitty Swanson and senior associate Kirsten Hunt.