In The News

Ropes & Gray Represents Morgans Hotel Group in Sale of The Light Group to Hakkasan Group

Practices: Hedge Funds, Securities & Public Companies, Private Equity, Tax, Executive Compensation & Employee Benefits

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 associates Michael Gilbert (Boston) and Benjamin Litchfield (Boston), tax associate Adam Greenwood (New York), and executive compensation & employee benefits associate Abigail Baird (Boston).