Beauchamps' Corporate & Commercial M&A team were delighted to advise PREM Group, the international hotel and hospitality operator, in securing a major new investment from funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), who have acquired a majority stake in the business through an off-market acquisition of interests held by non-executive shareholders. Fortress will invest alongside the existing management team to implement an ambitious joint business plan to grow the company through the acquisition of freehold hotel and serviced apartment properties in the UK, Ireland and continental Europe. The expansion of PREMIER SUITES into target cities across Europe will be one of the top priorities for the group.
The Beauchamps team was led by Shaun O'Shea and supported by Damian Maloney, Aidan Marsh, Gergana Moran, Julia Drennan, Sian Browne and Eilis Scanlon.