Slaughter and May advised Reliance Brands Limited on the acquisition of the entire issued share capital of Hamleys Global Holdings Limited from C. Banner International Holdings Limited, for an enterprise value of GBP 67.96 million.
Hamleys Global Holdings Limited, together with its subsidiaries, is a retailer of high-end toys, under the well-known Hamleys Brand. It is based in the United Kingdom and operates a global franchising model. Reliance Brands Limited is a Mumbai-based subsidiary of Reliance Industries Limited, India’s largest publicly-listed company, with a mandate to launch and build brands in the premium-to-luxury segment across apparel, footwear and lifestyle businesses.
Slaughter and May worked alongside Reliance Brands’ Indian counsel, Khaitan & Co, Mumbai.
The Slaughter and May team was composed by Corporate partner Nilufer von Bismarck (Picture), Francesca Harris (associate), Hayden Cooke (associate); Tax: Sara Luder (partner), Jamshed Bilimoria (associate); IP&IT: Cathy Connolly (partner), Richard McDonnell (associate), Charles MacRae (associate); Pensions and Employment: Phil Linnard (partner), Lucy Duane (associate); Real Estate: Jane Edwarde (partner), Ben Redding (associate), Luther Goh-Mah (associate); Competition: Claire Jeffs (partner), Sarah Jackson (associate).
Khaitan & Co acted for Reliance Industries, led by partner Rahul Dutt, partner Akshay Bhargav, principal associate Vinita Choudhury, senior associate Shreya Dua and associate Krishna Shahwith assistance from the following: partner Moin Ladha on regulatory aspects; partner Anisha Chand and associate Anmol Awasthi on competition law aspects; partner Ritu Shaktawat on direct tax aspects; partner Dinesh Agarwal and principal associate Mayank Jain on indirect tax aspects; and partner Adheesh Nargolkar and partner Shailendra Bhandare on intellectual property law aspects.
Involved fees earner: Dinesh Agarwal – Khaitan & Co.; Anmol Awasthi – Khaitan & Co.; Shailendra Bhandare – Khaitan & Co.; Akshay Bhargav – Khaitan & Co.; Anisha Chand – Khaitan & Co.; Vinita Choudhury – Khaitan & Co.; Shreya Dua – Khaitan & Co.; Rahul Dutt – Khaitan & Co.; Mayank Jain – Khaitan & Co.; Moin Ladha – Khaitan & Co.; Adheesh Nargolkar – Khaitan & Co.; Krishna Shah – Khaitan & Co.; Ritu Shaktawat – Khaitan & Co.; Jamshed Bilimoria – Slaughter and May; Cathy Connolly – Slaughter and May; Hayden Cooke – Slaughter and May; Lucy Duane – Slaughter and May; Jane Edwarde – Slaughter and May; Luther Goh-Mah – Slaughter and May; Francesca Harris – Slaughter and May; Sarah Jackson – Slaughter and May; Claire Jeffs – Slaughter and May; Philip Linnard – Slaughter and May; Sara Luder – Slaughter and May; Charles MacRae – Slaughter and May; Richard McDonnell – Slaughter and May; Ben Redding – Slaughter and May; Nilufer von Bismarck – Slaughter and May;
Clients: Reliance Brands Limited;