Gordons Wins BusinessDesk’s Deal of the Year Award for B&M’s £152m Heron Food Acquisition
Tuesday 17th July 2018
Gordons commercial property team’s expertise has been recognised with the prestigious Deal of the Year Award at the BusinessDesk Yorkshire’s Rainmaker Awards, for its work on B&M’s £152m acquisition of Melton-based Heron Food Group.
The deal for 251 stores in the Heron Group portfolio is enabling long-standing Gordons client B&M to develop and rollout a discount convenience grocery brand across the UK.
Gordons’ commercial property partner, Joanne Fearnley, led the firm’s team that advised B&M on property due diligence, working alongside advisers from Addleshaw Goddard, Deloitte, Merrill Lynch and PwC.
The Rainmaker awards recognise the corporate finance community’s contribution to the regional economy and took place at The Queens Hotel on July 13. Commercial property solicitor Jennifer Herdman collected the award on behalf of Gordons.
Joanne said: “We’re thrilled to have won this award for such a major deal. It’s testament to our team’s expertise and long-standing relationship with B&M.
“We have worked with the retailer for over 16 years and have significant experience in the sector. We were able to complete the deal quickly, allowing B&M to progress its rapid expansion plans.”
The award was collected by solicitor, Jennifer Herdman, on behalf of Joanne.
Image courtesy of The BusinessDesk.