DLA Piper has advised UK retailer Mothercare plc on the £13.5 million sale of Early Learning Centre Limited to TEAL Brands Limited, a subsidiary of TEAL Group Holdings, the holding company of the Entertainer group of companies. Mothercare will use the proceeds from the sale to reduce its bank debt.
Mothercare plc is a UK retailer of clothing and homeware products, nursery equipment and food services. The company, led by Clive Peter Whiley, Mark Newton-Jones and Glyn Hughes, in 2018 recorded $654 million revenues.
The DLA Piper team was led by partners Alex Tamlyn (Picture) and Martin Penn (both advising on the equity capital markets aspects), Jon Kenworthy (for M&A advice), Julie Romer (for the financing aspects) and Roger Gough (for the commercial aspects). They were assisted by senior associates Darren Grindlay and Karin Kirschner and associate Robert Jones.
Involved fees earner: Roger Gough – DLA Piper; Robert Jones – DLA Piper; Jon Kenworthy – DLA Piper; Karin Kirschner – DLA Piper; Martin Penn – DLA Piper; Julie Romer – DLA Piper; Alex Tamlyn – DLA Piper;
Law Firms: DLA Piper;