Bristol-based law firm Clarke Willmott has advised Extra MSA Group on its £250m purchase of nine motorway service 
areas from Serena Properties – one of the largest acquisitions so far in 2013.
Clarke Willmott’s corporate and real estate teams advised Extra MSA. Simon Thomas, partner in Clarke Willmott’s Bristol office, said: “This required support from across our corporate, banking, real estate, insolvency, planning & environmental and property litigation departments. The acquisition will enable the Extra MSA Group to significantly expand its business and strengthen its position in the current challenging economic climate.”
The Extra MSA Group was established in 2010 by M3 Capital Partners and CEO Andrew Long. The deal doubles its motorway service area assets and follows its successful development and opening of a motorway services on the M25 at Cobham last September.
Andrew Long said: “Extra and I are pleased to have worked with Clarke Willmott on this important and strategic transaction. This expands Extra's investment ownership of substantial Motorway Service Areas to 18 key locations in the UK motorway network. Further acquisition transactions are also under consideration.”
