Sale of LS1 to Countrywide

IWG has advised the shareholders of LS1 Limited (“LS1”), a company operating letting management businesses in Leeds and Manchester, on the sale of the entire issued share capital of LS1 Limited to Countrywide Residential Lettings (“Countrywide”). The transaction closed on 1 June 2012.

LS1 was launched more than 13 years ago while Manchester-based M1 was established in 2005. At the time of the sale, the two businesses managed a combined portfolio of more than 1,000 city centre apartments.

IWG has advised LS1 and its shareholders since the time of Kuvera International Limited’s (“Kuvera”) investment in LS1 in 2009. IWG advised long-standing client, Kuvera, on its original investment.

Countrywide were advised on the acquisition by DWF LLP.

Further information on Ben MannersTanveer Tarafdar and the IWG corporate team can be found on the Meet the Team and the Corporate pages.