Slaughter and May advised Bourne Leisure on its acquisition by Blackstone

Slaughter and May is advising Bourne Leisure, a leading UK holiday company, on its acquisition by funds managed by Blackstone Capital Partners and Blackstone Real Estate Partners. The transaction was structured as a takeover offer for cash consideration, with a vendor preference share alternative available to shareholders. The three founding families will continue to be involved in the business, which operates under the Butlin’s, Haven and Warner Leisure brands, through a significant minority co-investment alongside Blackstone. The acquisition agreements were signed on 28 January 2021 and the acquisition is expected to be completed by the end of February 2021.