Birmingham-based law firm Clarke Willmott has advised on a major acquisition supporting the Extra MSA Group to complete the 拢250 million purchase of nine 海角视频 motorway service areas from Serena Properties.
Clarke Willmott鈥檚 corporate and real estate teams advised the Extra MSA Group, which is backed by equity investor M3 Capital Partners, on the acquisition.
Andrew Long, chief executive of Extra MSA Group, said: 鈥淓xtra and I are pleased to have worked with Clarke Willmott on this important and strategic transaction.
鈥淭his expands Extra鈥檚 investment ownership of substantial motorway service areas to 18 key locations in the 海角视频 motorway network.
鈥淔urther acquisitions are also under consideration.鈥
Andrew Beedham, head of corporate at Clarke Willmott鈥檚 Birmingham office and relationship partner for Extra MSA Group, said: 鈥淭his is one of the largest deals of its kind in the 海角视频 so far this year and required support from across our corporate, banking, real estate, insolvency, planning & environmental and property litigation departments.
鈥淭his acquisition will enable the Extra MSA Group to significantly expand its business and strengthen its position in this complex sector.鈥
The acquisition has doubled the number of motorway service areas that Extra owns and follows the opening of its new M25 Cobham operation.
