Ropes & Gray advised Morgans Hotel Group Co. in the sale of its 90 percent controlling interest in The Light Group, a leading lifestyle food & beverage company, to Hakkasan Group for a total enterprise value of $36 million. The deal was announced Dec. 16 and is expected to close in January 2015, subject to customary closing conditions.
The Ropes & Gray team was led by hedge funds partner Jeffrey Katz (Boston) and included securities & public companies partner David Fine (Boston), business & securities litigation partner William Sussman (New York), private equity associate Michael Gilbert (Boston), tax associate Adam Greenwood (New York), and executive compensation & employee benefits associate Abigail Baird (Boston).
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