Orrick, Herrington & Sutcliffe (Europe) LLP

Orrick, Herrington & Sutcliffe (Europe) LLP

January 28, 2010 03:00 ET

Orrick Advises on the Sale of the Remaining 50% of Earls Court & Olympia Exhibition Centre

LONDON, UNITED KINGDOM--(Marketwire - Jan. 28, 2010) - The London corporate team at Orrick advised long-standing clients Anthony Lyons and Simon Conway (co-founders of Matterhorn Capital) on the sale of their remaining equity interest in Matterhorn Capital EC&O Limited (the holding company of the Earls Court & Olympia Group, the owners of Earls Court & Olympia Exhibition Centre and the Brewery Conference Centre in the City) to Capco Eco Limited (a wholly owned subsidiary of Capital & Counties Limited, part of the Liberty International Group).

The sale, for an undisclosed amount, follows the sale in July 2007 of a 50% interest in the exhibition centre to Capco ECO Limited to create a Joint Venture with Capital & Counties - a deal that valued the business at approximately Pounds Sterling 380 million.

The Orrick team was led by corporate partner Dean Poster and comprised of corporate partner Hilary Winter and corporate associate Ben Annable.

Dean Poster commented "We originally advised our clients in 2004 on the acquisition of Earls Court & Olympia for Pounds Sterling 245 million from Candover. The firm has subsequently acted on a number of aspects during our clients' ownership, and now the disposal. It has been a pleasure to work with our long-standing clients on transactions involving this iconic site."

This sale is one of a number of corporate real estate deals that Poster and his team have advised on in the past year. "We have advised various clients on a number of acquisitions of hospitality and leisure sites in the UK and Europe and in the US, and we are seeing increased levels of activity in this area in early 2010."

About Orrick

Orrick, Herrington & Sutcliffe LLP is a global law firm with more than 1,100 lawyers in Europe, North America and Asia. The firm focuses on innovative corporate transactions, novel finance and complex litigation. Orrick clients include FTSE 100 companies, Fortune 100 companies, major industrial and financial corporations, commercial and investment banks, high-growth companies, governmental entities, start-ups and individuals. The firm's 22 offices are located in Beijing, Berlin, Dusseldorf, Frankfurt, Hong Kong, London, Los Angeles, Milan, Moscow, New York, Orange County, Paris, Portland, Rome, Sacramento, San Francisco, Seattle, Shanghai, Silicon Valley, Taipei, Tokyo and Washington, D.C.

Contact Information

  • Orrick, Herrington & Sutcliffe (Europe) LLP
    Dean Poster
    +44 (0)20 7862 4655
    Orrick, Herrington & Sutcliffe (Europe) LLP
    Amy Coleman
    +44 (0)20 7862 4648