Deal Summary

SP Angel Corporate Finance LLP advised Parkwood, a partnership of property experts backed by REVCAP, a real estate private equity firm, on the acquisition of 29.9% of Gresham House Plc ("Gresham") from a family trust. Gresham is an investment trust which owns equities and predominantly real estate assets. Parkwood acquired the stake in order to assist the management of Gresham maximise the value of the property portfolio. As the family trust owned more than 30% of Gresham, Takeover Panel clearance was required to obviate the need for a mandatory takeover offer.