London - A team of lawyers from global law firm K&L Gates LLP has advised Naked Wines Plc on the sale of the entire issued capital of Lay & Wheeler Limited and Vinotheque Holdings Limited, which together constitute the Lay & Wheeler business unit.
The sale represents an important milestone in the evolution of the Naked group, freeing up capital and resources for Naked to pursue other significant growth opportunities ahead.
Lay & Wheeler is one of the UK’s most prestigious wine merchants and has been a leading name in the global fine wine trade since 1854. Multi-award winning, Lay & Wheeler’s core focus is the online retail of fine wines through its subscription-based wine clubs along with brokerage and bonded cellarage at the Vinotheque storage site.
The team that advised Naked Wines Plc was led by K&L Gates London partner James Cross, assisted by partner Giles Bavister, senior associate Robert Boughey, associate Naeha Lal, and trainee solicitor Daniel Rhys Cartmell, all also of the London office.