Hogan Lovells Advises on Acquisition of Hamleys by Ludendo
21 September 2012
LONDON, 19 September 2012 – French company Groupe Ludendo has announced the purchase of the British toy chain Hamleys from Icelandic bank Landsbanki.
Groupe Ludendo, which operates 300 toy stores across France, Belgium, Switzerland, and Spain, acquired Hamleys after Landsbanki agreed to sell off its 65 per cent stake in the iconic toy store.
Hogan Lovells acted for Natixis, the coordinating agent of a group of 10 banks including Arkea Banque Entreprises et Institutionnels, Banque Palatine, Barclays Bank PLC, BNP Paribas, BRED Banque Populaire, Crédit Coopératif, Crédit Lyonnais, HSBC France, and Société Générale, relating to the financing of the acquisition. Paris partner Olivier Fille-Lambie, senior associate Ariane Berthoud, associate Sophie Lok, and Bruno Knadjian worked alongside London partner Paul Mullen and senior associate Camille Astier on the deal.
Hamleys has eight outlets in the UK and Ireland, including its seven-story flagship store on London's Regent Street and its only Scottish site in the St. Enoch Centre in Glasgow. It also has shops in Moscow, Cyprus, and Copenhagen, plus three in India and four in the Middle East.
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