LG advises Conran Holdings on management buy out of restaurant business
2 October 2006
LG, the London-based business law firm, has advised Conran Holdings – Sir Terence Conran's main company - on the real estate aspects of a £50m buy out of Conran Restaurants.
Bank of Scotland and a management team headed by Conran Holdings Ltd. Deputy Chairman Des Gunewardena, managing director David Loewi and their financiers, Bank of Scotland have acquired a 49% stake in the Conran Holdings' restaurant business. Bank of Scotland also provides a further £10m in expansion capital to accelerate the launch of new ventures - including the opening of six new restaurants over the next year.
The LG team, which advised longstanding client Conran Holdings on the property aspects of the deal, was led by Thelma Marshall and included partner David Hayward and solicitors Frances Reynolds, Catherine Pearson, Katy Bearn and Khalil Ahmad.
ABN AMRO Corporate Finance Limited acted as financial adviser to Conran Holdings. DLA Piper acted as legal adviser to Bank of Scotland Corporate and Lewis Silkin advised Conran Holdings on the corporate aspects of the deal. Finers Stephens Innocent advised management.
Notes to editors:
- LG is a London-based law firm with an established reputation for advising businesses operating in the hospitality & leisure and real estate industries.
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Thelma Marshall
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