Leading offshore law firm Appleby advised Velocity Sports Partners (VSP), the sports investment arm of ALK Capital LLC, a leading US management firm specialising in investments in the sports and media sectors, with the acquisition of a majority shareholding in Premier League Football Club Burnley F.C., from, amongst others, outgoing chairman and director of Burnley F.C., Michael Garlick.
Appleby worked seamlessly with their Appleby Global Services (AGS) colleagues to establish the acquisition structure, providing the client with a fully integrated legal and administrative service as part of the acquisition. Appleby and AGS worked closely with onshore legal counsel Pinsent Masons LLP throughout the transaction.
Andrew Weaver, Corporate Partner, Appleby said:
"It has been a real privilege to work with ALK Capital and Pinsents on this high profile acquisition which positions Burnley F.C. for substantial growth and development with the support of its new majority owners. We have significant experience in complex M&A transactions and this particular deal highlights the value that Appleby and AGS can bring to acquisitions through our strong M&A practice."
Alan Pace, Managing Partner of ALK Capital and Chairman of Burnley F.C., said:
"The responsiveness and solutions driven approach that Appleby brought were a significant contribution to the timely completion of this investment. We are very pleased to have partnered with such a client focussed organisation."
Appleby's Merger and Acquisitions (M&A) team is well-positioned to advise clients on a wide range of M&A activities in the offshore region. Its unique jurisdictional reach means that Appleby is able to advise clients on complex, cross-border transactions involving the offshore jurisdictions that are most often encountered. The team regularly work with FTSE 100 and Fortune 500 companies around the globe and those with financial interests in them, to help them deploy strategic growth and restructuring initiatives, whether involving single jurisdictions or complex multi-jurisdictional, multi-disciplinary transactions.
Appleby Global Services (AGS) provides a range of administration, reporting and fiduciary services primarily focused on corporate structures. The dedicated team of experienced professionals work closely with Appleby's legal specialists to provide clients with an integrated legal and corporate administration offering.