HSF advises Capco on £5bn all-share merger with Shaftesbury
HSF said the merger is one of the largest public M&A; deals announced this year, and Capco will own 100% of the issued and to be issued share capital of Shaftesbury
Herbert Smith Freehills (HS) has advised Capital and Counties Properties PLC (Capco) on its all share merger with Shaftesbury PLC (Shaftesbury), bringing together two of London’s largest landlords to create a mixed-use central London REIT.
The combined group’s portfolio is valued at approximately £5bn and includes destinations across London’s West End such as Covent Garden, Carnaby Street, Chinatown and Soho.