International legal practice Osborne Clarke is advising CVI UK Ltd, a company formed at the direction of Berry Bros. & Rudd and Atlantis Wine Holding, a Symington Family Estates company, on its recommended £22.3 million takeover offer for Hambledon Vineyard plc.
Under the offer, each Hambledon ordinary and B ordinary shareholder will be entitled to receive 180 pence in cash for each share held in Hambledon, valuing the company at approximately £22.3 million. The transaction is being effected by way of a contractual takeover and was announced on the 25th September 2023.
Berry Bros. & Rudd is Britain's oldest wine and spirit merchant, founded in 1698, and holds two Royal Warrants from H.M. The Queen and H.R.H. The Prince of Wales. The Symington Group is one of the world's leading producers of premium port, the leading vineyard owner in the Douro Valley and one of the top Portuguese wine producers. The de-facto parent entity of the Symington Group, Symington Family Estates, holds a Royal Warrant from H.M. The Queen as suppliers of Graham's Port.
The Osborne Clarke team that is advising CVI on the transaction is led by Corporate Partner Rebecca Gordon assisted by Senior Associate Stuart Miller and Associate Elizabeth Britchford. Partner James Tarleton, Senior Associate Andrew Reeves and Associate Sam Ash Croft are providing banking advice, Associate Director Matt Leggett is providing real estate advice and Associate Director Nicholas Haywood and Associate Dan Charie are providing employment advice.
"We've had fantastic support from Rebecca, Stuart, and the team at Osborne Clarke throughout this transaction. They're knowledgeable, responsive and pragmatic and they have been a superb fit for our two family businesses. We look forward to working with them again in the future."
Osborne Clarke's Corporate team is considered a go-to practice for many companies, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.