Allen & Overy has advised private investment firm Dorilton Capital Management LLC (“Dorilton Capital”) on the acquisition of Williams Grand Prix Engineering Limited (“WGPE”), by BCE Limited, a fund managed by Dorilton Capital, for EUR152 million. WGPE consists of the Formula 1 business, the minority stake in Williams Advanced Engineering and all other trading assets and liabilities including third partner indebtedness of the group.
This transaction received the unanimous support of the Board of Williams, who determined it delivers the best outcome for shareholders and secures the long term success of the Williams Formula 1 team.
The A&O team was led by Corporate partner Seth Jones, partner and co-head of global Corporate David Broadley and senior associate Harriet Stephenson. Partner Lydia Challen advised on Tax aspects, partner Jim Ford on Commercial and partner Paul McCarthy on the Incentives side. Senior associates Monika Przygoda and Hayley Elsley and associates Jenny Keenan and Soyeon Lim also advised.
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