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.
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