Hogan Lovells and Shoosmiths are serving up legal advice as Gaucho restaurant chain owner Lomo Bidco acquires steakhouse chain M Restaurants for an undisclosed amount.

The combined company will be renamed Rare Restaurants and will include all 16 of Gaucho's U.K. restaurants. Both chains are run by M Restaurants founder Martin Williams.

Shoosmiths' corporate team is advising M Restaurants on the transaction, with partners Stephen Porter and David Harrison leading for the firm.

Hogan Lovells is advising Gaucho on the deal, nearly a year after it advised Big Four accountancy firm Deloitte on the administration of Gaucho Grill, the Gaucho steakhouse chain's owner, last July.

Hogan Lovells' team is being led by corporate partner Richard Diffenthal with support from restructuring partner Debbie Gregory, who led on Gaucho's administration.

Pinsent Masons advised Gaucho Grill on the administration process as its other restaurant brand, CAU, closed all 22 of its U.K. branches, resulting in 540 redundancies.

Bidco acquired Gaucho from administration in October 2018, saving 750 jobs.

Today's news follows various other deals in the sector. Last October, Latham & Watkins and Slaughter and May took roles on the acquisition of Asian cuisine chain Wagamama by The Restaurant Group (TRG) for £559m.

Other restructurings in the sector include burger chain Byron, which filed for a company voluntary agreement in February, on which Herbert Smith Freehills, Jones Day and Pinsent Masons took roles.