Mayer Brown advises Reliance Industries of India on acquisition of Stoke Park Estates
London — Global law firm Mayer Brown advised Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Reliance Industries Limited in India, on the acquisition of the entire issued share capital of Stoke Park Limited, a company incorporated in the United Kingdom, for £57 million.
Stoke Park Limited owns and manages premier private sporting and leisure facilities in Stoke Poges, Buckinghamshire, UK. The facilities include a ‘Five AA Red Stars’ hotel, conference facilities and one of the highest rated golf courses in Europe.
This acquisition will add to the consumer and hospitality footprint of the Reliance Industries group. The group already has investments in EIH Ltd (Oberoi Hotels) and is developing state-of-the-art convention center, hotel and managed residences in BKC Mumbai.
The Mayer Brown team was led by Real Estate & Hospitality partner Simon Price, who said: “It was a pleasure to work with Reliance Industries on the acquisition of such a high profile and prestigious hotel and estate.”
The team included Employment partner Miriam Bruce, senior associate Sarah Reeve-Young and associate Sophie Miller-Molloy; Environment partner Michael Hutchinson; Tax Transactions & Consulting partner Simon Rose and associate Emma Noehrbass; Intellectual Property partner Mark Prinsley and associate Reece Randall; Real Estate senior associates Danielle Gerber and Annabel Ersser; Corporate & Securities associate James Beattie; Banking & Finance senior associate Clare Betteridge, and Pensions associates Liam Kellett and George Carr (all London).