Knowledge Hub | Cases and deals

21 August 2008

Acquisition: Laleham report

Our corporate and commercial and commercial property teams worked together, supported by employment, in acting for a subsidiary of Grundons Waste Management Limited on its purchase of the business and assets of Laleham Golf Club.

The acquisition was structured so that the freehold property of the Club and the business/other assets were acquired by different entities - Thorney Farm Developments Limited and Thorney Park Golf Limited (TPGL) respectively. The acquisition by TPGL adds to their existing portfolio of leisure facilities, including Thorney Park Golf Club.

The unincorporated status of the golf club meant the transaction was complicated and time consuming. There were many obstacles and issues including the need to determine where the authorities and powers lay for entering into the transaction and issues arising from the lack of records. It was important to take a pragmatic and commercial view of the likely risks against the benefits of the overall transaction.

Despite these difficulties, the deal was completed in August in time for our client's corporate golf day, much to the relief of the members who finally had an on-site golf pro shop after six months without!

The overall deal was a great success and both parties look forward to continuing a positive relationship.

The team:
Victoria Holland, senior associate, corporate and commercial

About cookies on our website

Our Site uses cookies to improve your experience of certain areas of the Site and to allow the use of specific functionality, such as social media page sharing. You may delete and block all cookies from this Site, but as a result, parts of the Site may not work as intended.

To find out more about our cookies policy, please visit here.

Click on the button below to accept the use of cookies on this Site (this will prevent the dialogue box from appearing on future visits).