The corporate and commercial team led by partner Leigh Head acted for the majority shareholder of HAC Group Limited and Village Underground Holdings Limited, who run and operate two iconic venues in London, “Village Underground” and “Earth, Hackney”, in the sale of certain interests and investment by the Big Issue Invest.
Big Issue Invest has made a significant investment in VU X Earth Limited, the new holding company set up to acquire the group.
Music and arts ventures have been heavily affected by the pandemic so the new funding will allow for additional refurbishment and a training workspace for young people entering the music industry. Over the next five years VU will be collaborating with Hackney Empire, Hackney Music Service and Progression Session, a music charity that provides a platform for young artists and trains young creatives for careers in the industry.
The investment means they can get right back to hosting some of the greatest musicians from around the globe, supporting and inspiring new talent.
You can read more about the investment in Access All Areas, by clicking here.