Bond Pearce has acted on the establishment and financing of a new hotel operating company, Pebble Hotels Limited, and on the £10.3 million acquisition by Pebble of the first three hotels in its portfolio from Punch Taverns.

The team at Bond Pearce was led by Property Partner, Ian Dunn, who has worked with the experienced management team at Pebble on a number of previous occasions. The deal involved the banking aspects of the transaction including putting in place a £7.5 million facility with Anglo Irish Bank, this advice was provided by Philip Withey. Paul Stone led the corporate team which advised Pebble on areas such as the acquisition agreement in relation to the properties, the incorporation of the company and the establishment of appropriate shareholder arrangements. Additional expertise on a number of Jersey law matters was provided by Andrew Weaver of Appleby Hunter Bailhache.

Ian Dunn, Partner at Bond Pearce LLP comments: "We're delighted to have been involved in the creation of this new company and look forward to watching it grow. The success of this transaction demonstrates the value of lawyers who can not only provide individual expertise within their own specialist fields but who can also work quickly and efficiently together to deliver the goods. The banking facilities on this transaction were arranged within one week which demonstrates the speed with which we were able to respond to our clients instructions."

Ted Kennedy, Chief Executive of Pebble said: "We were extremely impressed with the professionalism shown by Bond Pearce and the speed with which our requirements were met. This is an exciting time for us and we need advisers who can match our enthusiasm for getting the job done well."

Slaughter and May acted for Punch Taverns. Rosling King and Bedell Cristin acted for Anglo Irish Bank.

* For further information contact:
* Chloe Mann
* Bond Pearce PR Manager
* +44(0)845 415 6558
* chloe.mann@bondpearce.com