IFLR1000

Applegreen €360 million acquisition of Welcome Break

2/11/2018
Private acquisition
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€ 360 million

$ 398.489 million

Completed

2/11/2018

Overview:

  • Forecourt retailer Applegreen has acquired UK forecourt operator Welcome Break from NIBC European Infrastructure fund I for €360 million.
  • The acquisition consists of 24 motorway service areas and two trunk road service areas along with 29 hotels across 35 locations in the United Kingdom.

Rajeeb Gurung - Researcher

Jurisdictions:

Ireland
United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Consumer goods and services
Real estate

Firms:
Arthur Cox

Party: Applegreen (Acquirer)

Lawyers: Ciarán Bolger (retired), Connor Manning, Stephen Hegarty (retired), Ultan Shannon

Carey Olsen

Party: Applegreen (Acquirer)

De Brauw Blackstone Westbroek

Party: Applegreen (Acquirer)

Moore & Van Allen

Party: Applegreen (Acquirer)

Travers Smith

Party: Applegreen (Acquirer)

Weil Gotshal & Manges

Party: NIBC European Infrastructure fund I (Seller)

White & Case

Party: Arjun Infrastructure Fund (Shareholder)

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