Charles Russell Speechlys advises Stonegate on the acquisition of Sports Bar & Grill
Charles Russell Speechlys has advised Stonegate Pub Company on the recent acquisition of Bar Holdings Limited (trading as Sports Bar & Grill) for an undisclosed sum.
The Sports Bar & Grill chain spans 5 sites in London, (located in Canary Wharf, Farringdon, Marylebone, Victoria and Waterloo) and focuses on providing a relaxed atmosphere for people to drink, dine and watch sport, which is highly complementary to Stonegate’s existing market-leading representation in this category. Four of the five bars are located in major London transport stations taking Stonegate into new retail locations within transport hubs. The with the flagship Canary Wharf bar is situated within the Crossrail development ahead of the Elizabeth line opening in 2018. Simon Longbottom, Chief Executive of Stonegate, commented:
“This is another excellent bolt-on acquisition for Stonegate which is right in our sweetspot and further consolidates our leading credentials in sports-led entertainment. We have long coveted a presence in key transport hubs and are excited about the opportunity which this presents”.
Commenting on the transaction, David Coates, Partner in the Corporate team at Charles Russell Speechlys, said: “We are delighted to have advised Stonegate on this transaction. We have advised Stonegate on property matters for many years, but this is our first corporate acquisition and we look forward to continuing to strengthen the relationship going forward”. The Charles Russell Speechlys core team was led by David Coates assisted by Corporate Associate, James Moubray. Property Partner, Lee Medlock, and Property Associate, Mark White advised on property matters. The core team was supported by members of the Commercial, Employment and Tax teams.
For more information, please contact David Coates at David.Coates@crsblaw.com or on +44 (0)20 7427 6755.
Our thinking
IBA Annual Conference
The IBA heads to Miami for its 2022 Annual Conference bringing together thousands hundreds of lawyers from around the world.
Louise Ward
What can UK investors interested in Life Sciences learn from their more experienced, including US, counterparts?
The recent tie-up between Canary Wharf and Kadans demonstrates the enthusiasm to access the lucrative UK life sciences market.
Helen Coward
Helen Coward writes for Tax Journal on the main purpose test for SDLT group relief
Mainly ignored? The main purpose test for SDLT group relief
Andrew Collins
Charles Russell Speechlys advises Caretech Holdings PLC on its proposed £870.3 million take private
Charles Russell Speechlys is advising the independent board of Caretech Holdings PLC, in its take private sale to Amalfi Bidco Limited.
Rebecca Davies
Islamic Finance News reports on the appointment of Rebecca Davies to Legal Director in our Middle East team
Islamic Finance News reports on the appointment of Rebecca Davies to Legal Director in our Middle East team
Jonathan Morley
Charles Russell Speechlys advising Battery Ventures on the sale of SPT Labtech for £650 million.
Battery Ventures has raised over $9 billion to invest in software and services, enterprise infrastructure, and much more around the world.
Laura Bushaway
The Leasehold Reform (Ground Rent) Act 2022: Landlords and developers beware serious sanctions for non-compliance
The Leasehold Reform (Ground Rent) Act 2022 received Royal Assent on 8 February 2022 and will come into force on 30 June 2022.
Emma Preece
EG quotes Emma Preece on the Picturehouse and BNY Mellon rent arrears cases
“The case is being closely watched by landlords and tenants alike as the impact of the pandemic lives on in the commercial property sector”
David Coates
Charles Russell Speechlys has advised long-standing client Stonegate on a series A investment into Peckwater Brands
Stonegate is one of the largest pub companies in the UK with a rich portfolio that covers over 4,500 sites.
Sarah Farrelly
Pro bono support for major office premises move for charity in Stoke-on-Trent
Emmaus entities provide safe homes, community support and meaningful work to formerly homeless people across the UK.
Rachel Warren
Financier Worldwide quotes Rachel Warren on the UK’s Economic Crime Act
Evaluating the UK’s Economic Crime Act
Samuel Lear
Property Patter: Reasonable Endeavours
What does it mean to use ‘best’, ‘all’ or ‘reasonable’ endeavours?
Joshua Green
Joshua Green writes for Spear's Magazine on Wagatha Christie’s lessons for HNWs
Wagatha Christie’s lessons for HNWs
Hannah Turner
Hannah Turner writes for the EG Legal Q&A on the validity of a section 21 notice
Q&A: Tackling technicalities and typos
Emma Humphreys
Emma Humphreys and Paul McCarthy write for Property Week on the new landlord digital ID checks
Emma Humphreys and Paul McCarthy write for Property Week on new landlord digital ID checks
Carolyn Davies
Carolyn Davies and Oliver Park write for Property Week on the key property points in the Building Safety Act
The key property points in the Building Safety Act
Louise Paterson
Artnet quotes Louise Paterson on the Ivory Act
UK’s Ivory Act comes into force
Rebecca Burford
Charles Russell Speechlys acts on the sale of CAJ Mercian Holdings Limited
Mercian Logistics is an independent logistics business and services both businesses and private individuals
Briony Richards
AI and HR - How can employers reduce the risks associated with using artificial intelligence to help manage their workforce?
If they are not mindful of the risks associated with AI, employers may find themselves in breach of employment and data protection law.
Carolyn Davies
Carolyn Davies writes for Construction News on stakeholders new duties under the Building Safety Act
“The act brings some of the most significant changes to the construction industry in years”