Leading UK law firm Shoosmiths has advised MIP Holdings on a £29 million recommended offer for French Connection Group PLC, in a major milestone deal set to take the fashion retailer private.
The Shoosmiths’ team was led by partner Richard Millington working alongside fellow corporate partner Andrew Millar and banking partner Tim McNamara. The deal, which is due to complete at the beginning of November, cements the law firm’s award-winning expertise in the retail sector, having recently acted on other noteworthy transactions including the sale of Jaeger to Marks & Spencer and the sale of Oasis and Warehouse to Boohoo.
The proposed acquisition marks a significant development within the Manchester business sector, with both MIP Holdings and the Shoosmiths team advising on the case being based in the city.
Apinder Ghura, director for MIP Holdings, said: “The Shoosmiths team are not only consummate professionals, but a team that makes the tricky work actually enjoyable. This milestone would have not been reached without their genuine dedication, care and talent. I’m looking forward to continuing our efforts together as we look to the deal completion next month.”