LG advises on £107.5M sale of Chez Gerard Restaurant Group
13 October 2006
LG, the London-based law firm, has advised investment boutique Dawnay Day, North Atlantic Value LLP and management on the sale of Craftbutton Limited to PPM Capital for £107.5 million.
Craftbutton Limited is the holding company of the restaurant group comprising the Chez Gerard, Bertorelli, Caffé Uno, Café Fish and Livebait chains.
The LG team advising on the sale was led by partners Hugh Maule, Tim Casben and solicitor, Karima Hudson, with assistance from Sam Gray and Marc Wilshaw.
Hugh Maule said: "We had a very tight frame for this buyout and successfully completed the transaction in just under three weeks. We look forward to continuing to work with Dawnay Day and North Atlantic Value."
Other LG solicitors involved included Michael Murphy who was responsible for the tax side of the deal and David Hayward who advised on the real estate aspects.
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.
- The firm advises entrepreneurial and growth market clients seeking to raise capital for business ventures.
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