Laura A.Pembridge

Partner

London + 44.20.7039.5143

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Laura Pembridge focuses on international and domestic private equity, venture capital, M&A, and private equity real estate transactions, acting for institutional investors, founders, management teams, and corporate clients. She advises on a wide variety of transactions, including acquisitions, disposals, investments, restructurings, and joint ventures.

Representative transactions include advising Macquarie on the acquisition of Beauparc Utilities, Ireland's largest waste management company; True Capital on its acquisition of a majority stake in D2C energy drink business Sneak; Koch Equity Development on its £175m preferred equity investment in AIM-listed Victoria plc; The Blackstone Group on its €175m minority equity investment in Superbet; and AGIC Capital on its £115m acquisition of Farsound.

Laura has significant experience in real estate private equity transactions, including advising Greystar on its strategic partnership of up to £2.2bn with ADIA to develop build-to-rent in London and simultaneous acquisition of Fizzy Living; Get Living plc on its corporate and joint venture arrangements; and Delancey and APG Asset Management on a joint venture in connection with the £425m acquisition of Earls Court.

Experience

  • DOOR and APG joined by Aware Super in Get Living investmentJones Day represented DOOR, S.L.P. (a residential investment vehicle co-sponsored by Delancey and Oxford Properties) in relation to the acquisition by Aware Super of Qatari Diar's 22% stake in Get Living PLC, the UK's most experienced and pioneering developer and operator of large scale BTR neighborhoods, joining APG and DOOR who each control a 39% stake.
  • Greystar and Vía Célere create joint venture to acquire portfolio of 2,425 rental housing units in SpainJones Day advised Greystar Equity Partners Europe Fund I in relation to its joint venture with Via Célere and the related forward-purchase of a 12 project portfolio of rental housing units in Madrid, Malaga, Valencia, Seville and Bilbao from Via Célere. The Build to Rent portfolio is one of the largest in Spain and will operate under the “Be Casa Essential” brand.
  • Greystar and GIC joint venture acquires Student RoostJones Day advised Greystar Real Estate Partners, LLC on the joint venture and antitrust aspects of its acquisition of Student Roost, the UK’s third largest purpose-built student accommodation provider, from one of Brookfield’s real estate private funds, through a joint venture partnership with GIC.
  • MARK Capital sells European portfolio to PrologisJones Day advised MARK Capital in the €1.585 billion sale of Crossbay (by Crossbay SCSp RAIF), its specialized pan-European last-mile logistics platform, to Prologis European Logistics Fund.
  • Greystar acquires build-to-rent scheme in Bermondsey, LondonJones Day advised a joint venture partnership between Greystar Real Estate Partners, LLC and a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), in its acquisition from Grosvenor of a landmark build-to-rent ("BTR") scheme in Bermondsey, London.
  • Riverside sells Brookson to People2.0Jones Day advised The Riverside Company in the sale of Brookson Group Limited to People2.0, a TPG portfolio company.
  • Greystar acquires 2,500-unit flexible accommodation portfolio in SpainJones Day advised Greystar Real Estate Partners, LLC in the acquisition of a flexible accommodation portfolio of 2,500 units in Madrid, Spain, for a managed discretionary fund from King Street Real Estate GP, L.L.C.
  • Greystar acquires five high-quality UK assets for £388 millionJones Day advised Greystar Real Estate Partners, LLC in the £388 million acquisition of four purpose built student accommodation ("PBSA") assets and one build-to-rent ("BTR") asset from Downing.
  • Greystar forms strategic partnership of up to £2.2 billion with ADIA to develop build-to-rent in London and acquires Fizzy Living for £400 millionJones Day represented Greystar Real Estate Partners, LLC in connection with the formation of a strategic partnership with Abu Dhabi Investment Authority (ADIA), targeting the acquisition and development of c.£2.2 billion of build-to-rent (BTR) assets in London, UK and surrounding commuter towns.
  • Sun Communities acquires Park Holidays UK for $1.3 billionJones Day advised Sun Communities, Inc. on its acquisition of Park Holidays UK for approximately $1.3 billion.
  • ARA Asset Management Limited acquires InfraRed Capital Partners' European Real Estate Investment Management businessJones Day advised ARA Asset Management Limited in the acquisition of InfraRed European Real Estate Investment Management, a specialist discretionary fund manager in the real estate sector, from InfraRed Capital Partners.
  • True Capital acquires majority stake in SneakJones Day advised True Capital Ltd in the acquisition of a majority stake in D2C zero sugar, energy drink business, Sneak.
  • Creed Perfumes' majority investment from BlackRock LTPCJones Day acted as counsel to the management team of Creed Perfumes, one of the world’s leading artisan fragrance companies, following a transaction in which BlackRock Long Term Private Capital ("BlackRock LTPC") became the majority shareholder in the luxury brand.
  • M. Safra & Co. sells 30 Fenchurch Street (formerly known as One Plantation Place) to Brookfield Asset ManagementJones Day represented M. Safra & Co. in the family office's disposal of 30 Fenchurch Street (formerly known as One Plantation Place), one of the largest office developments in the City of London, to funds managed by Brookfield Asset Management.
  • Macquarie acquires Beauparc Utilities, Ireland’s largest waste management companyJones Day advised Macquarie European Infrastructure Fund 6 in the acquisition and financing of Beauparc Utilities, Ireland’s largest waste management company.
  • Catawiki raises €150 million investment led by PermiraJones Day advised Catawiki B.V., Europe's leading curated online marketplace for special objects, on a €150 million investment, led by Permira through its Growth Opportunities Fund.
  • Atlas Arteria establishes new capital structure for Warnow Tunnel in GermanyJones Day advised Atlas Arteria, a global owner, operator, and developer of toll roads, on a new approximately 29-year debt facility for its Warnow Tunnel in Germany as part of a capital restructuring.
  • Greystar acquires £291 million portfolio of UK student accommodations from Nido portfolioJones Day represented Greystar Real Estate Partners, LLC in the £291 million acquisition of five purpose-built student accommodation ("PBSA") assets from the Nido portfolio.
  • Koch Equity Development invests preferred equity in AIM listed Victoria plcJones Day advised Koch Equity Development LLC ("KED"), the acquisition and investment subsidiary of Koch Industries, Inc., on its investment into AIM listed Victoria plc ("Victoria"), a UK-based global designer, manufacturer, and distributor of flooring products.
  • Ki raises $500 million to fund expansionJones Day has advised the management team of Ki, the first fully digital and algorithmically-driven Lloyd's syndicate, in the $500 million investment in Ki by funds managed by Blackstone Tactical Opportunities and Fairfax Financial Holdings Limited.
  • Get Living Plc forms joint venture in connection with development of Lewisham Gateway Phase 2Jones Day advised Get Living Plc on the corporate and joint venture arrangements in connection with the £252 million forward-funding development of Lewisham Gateway Phase 2 with Muse Developments.
  • Goldman sold iQ Student Accommodation dorms to Blackstone for £4.66 billionOn May 15, 2020, Jones Day clients Goldman Sachs Merchant Banking Division and the Wellcome Trust completed the sale of iQ Student Accommodation to Blackstone for £4.66 billion (US$5.73 billion), representing the largest ever private real estate transaction in the UK.
  • Meridian Adhesives Group acquires adhesives division of John P. KummerJones Day represented Meridian Adhesives Group, a portfolio company of Arsenal Capital Partners, in the acquisition of the adhesives division of John P. Kummer GmbH, AG and Ltd (JPK).
  • Inflexion Private Equity acquires Aspen PumpsJones Day advised Inflexion Private Equity Partners LLP, one of the UK's leading mid-market private equity firms, on its acquisition of the Aspen Pumps group from 3i Group plc.
  • Meyer Bergman partners with CC Land on WhiteleysJones Day advised Meyer Bergman in its £400 million investment along with CC Land in the redevelopment of the Whiteleys shopping center in Queensway, W2.
  • Delancey and APG Joint Venture acquires Earls Court for £425 millionJones Day represented Earls Court Investment Holdings Ltd, a subsidiary of a joint venture between a fund advised by Delancey and APG on behalf of its pension fund clients, in connection with its £425 million acquisition of EC Group Holdings Limited from a subsidiary of Capital & Counties Properties Plc.
  • BBA Aviation sells Ontic for $1.365 billionJones Day advised BBA Aviation plc ("BBA") in the sale of its Ontic business to an investment fund affiliated with CVC Capital Partners for $1.365 billion.
  • Goode Partners invests in Strong RootsJones Day advised Goode Partners LLC on its $18.3 million Series A investment in Strong Roots, the fastest growing food and beverage brand in the UK.
  • AURELIUS sells Solidus Solutions for €330 million (US$375.6 million)Jones Day advised AURELIUS Equity Opportunities SE & Co. KGaA on the full shop auction sale of the Solidus Solutions group to funds advised by Centerbridge Partners, L.P.
  • AGIC Capital acquires majority stake in Farsound for £115 millionJones Day advised Asia-Germany Industrial Promotion Limited ("AGIC Capital"), a European-Asian private equity fund focused on investments in high quality industrial and medical companies, in its acquisition of a majority stake in Farsound Limited and its subsidiaries, a leading provider of technology enabled supply chain solutions, from its current owner Rubicon Partners at a total enterprise value of £115 million.
  • Euroports acquired by consortium consisting of R-Logitech, PMV, and FPIMJones Day advised the management team of Euroports Holdings Sarl, in relation to the acquisition of Euroports by a consortium consisting of R-Logitech, a subsidiary of Monaco Resources Group as majority shareholder, and PMV and FPIM, two Belgian investment firms, each for an equal share and as minority shareholder.
  • Blackstone Group invests €175 million (US$196.4 million) in Superbet RomaniaJones Day advised The Blackstone Group in its €175 million (US$196.4 million) minority equity investment in Superbet, the largest omni-channel sports betting and gaming operator in Romania.
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