Charles Russell Speechlys advises Stonegate Pub Company on its acquisition of Bar Fever Limited and six sites from Novus Leisure
Long standing client Stonegate Pub Company has acquired Bar Fever Limited, which operates 32 venues comprising late night bars located in towns and cities throughout England. The business operates under a variety of trading concepts such as Fever, Boutique, Zinc and Moo Moo.
In addition, Stonegate has exchanged contracts to acquire a further six bars from Novus Leisure. All six bars are in prime central London locations and follow soon after the initial acquisition of 15 bars from Novus’ late night bar division in July 2018.
Charles Russell Speechlys provided full diligence support across corporate, property, commercial and employment matters to Stonegate on both acquisitions and financing arrangements.
Real Estate Partner Lee Medlock and Corporate Partner David Coates led the team, assisted by Real Estate Partner Sarah Morley. The wider Charles Russell Speechlys team comprised James Moubray and Charlie Searle (Corporate), Mark White and Molly Moseley (Real Estate), Kirsti Laird and Clare Davis (Employment) and Caroline Young and Caroline Swain (Commercial).
Lee Medlock commented: “We are delighted to have again supported Stonegate on these transactions which we expect to be excellent acquisitions for the business”.
Charles Russell Speechlys has advised Stonegate since the company first came onto the UK pub scene in 2010 with the acquisition of 333 sites from Mitchells & Butler and have recently advised Stonegate on the acquisition of Sports Bar and Grill, the Be At One cocktail bar chain and the acquisition of 15 Novus bars.