12 February 2021

Carey Olsen advises Blackstone on Bourne Leisure acquisition

A cross-jurisdictional corporate team from Carey Olsen has advised Blackstone Capital Partners and Blackstone Real Estate in connection with their proposed acquisition of Bourne Leisure, a premier UK holiday company.

Bourne Leisure currently employs more than 16,000 staff and attracts 4.5 million guests to 56 sites across the UK each year. It operates through its three brands, Haven, Butlin's and Warner Leisure Hotels.

Working alongside onshore counsel Simpson Thacher, the Carey Olsen team advising Blackstone Capital Partners and Blackstone Real Estate was led by partners James Mulholland (Jersey) and David Crosland (Guernsey), with assistance from Jersey counsel Claire Le Quesne and associates Stephanie Hobbs and Miriam Doukhan, and Guernsey senior associate Arya Hashemi and associate Colin Calvert.

Blackstone has a proven investment track record in the wider hospitality, travel and leisure sectors, including its prior investment in Center Parcs and current ownership of Merlin, which has grown to become the second largest operator of visitor attractions and theme parks globally.