Kerman & Co advise Applegreen Plc on the acquisition of 7 sites from Carsley Group
August 10, 2017
The Corporate and Property teams of Kerman & Co advised Applegreen Plc (the international service station operator), in connection with its £21M acquisition of 7 sites and related businesses from the Carsley Group.
The deal follows Applegreen’s strategy of UK investment in well located sites combined with its strong retail led business model offering “low fuel prices, always” to drive footfall while providing a premium food and hot beverage offering. The 7 new UK sites are predominantly located on the major arterial route of the A1(M).
Commenting on the acquisition John Diviney, Managing Director of Applegreen UK said: “The assets being acquired provide a set of large and strategically important sites that can accelerate Applegreen’s growth in this key marketplace. This acquisition demonstrates our commitment to enhancing our existing estate in the UK and leveraging our expertise in operating high quality service areas offerings with a strong food-to-go focus for the benefit of our customers. We have forged new standards with our retail led model”.
Quote from the Kerman & Co team “Our corporate and property teams are delighted to have worked with our long standing client Applegreen Plc on this strategic multiple acquisition project, and congratulate them on further enhancing their UK offering”.
The Kerman & Co team advising on the transaction were:
Corporate: Una Deretic, Coral Yu, Jack Kemmish and Dan McDonnell
Property: Janice Martin, Simon Robinson, Amit Bhangham and Fortesa Kastrati
Employment: Jonathan Bruck and Eugenie Freeman