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Devonshires acted for Thames Valley Group on its restructure and asset transfer of its shared ownership business from Thames Valley Housing into its charitable subsidiary.
The transaction was valued at approx £300 million and involved the restructure of related loans. Jack Stephen, Group Finance Director at Thames Valley said “This was an important transaction for us; Devonshires delivered what we needed both in the detail, formulating and delivering our strategy which has placed the Group in a strong position for the future.
Partners Andrew Cowan and Gareth Hall led on the corporate, governance, regulatory and banking aspects of the transaction assisted by Senior Solicitor Carolyn Thomas with Partner Julie Bradley leading on the property aspects assisted by paralegal Karishma Patel. KPMG LLP and BDO Stoy Hayward advised the group on tax aspects”.
