Freshfields and Travers Smith grab a slice of the action on PE sale of Zizzi and ASK
Freshfields Bruckhaus Deringer and Travers Smith have taken the lead mandates on the sale of restaurant brands Zizzi and ASK Italian by Cinven to rival buyout group Bridgepoint for £250m
December 02, 2014 at 07:36 PM
2 minute read
Freshfields Bruckhaus Deringer and Travers Smith have taken the lead mandates on the sale of restaurant brands Zizzi and ASK Italian by Cinven to rival buyout group Bridgepoint for £250m.
The disposal of the pizza and pasta chains completes the exit of Cinven's investment in casual dining company Gondola Group, which also owned burger restaurant Byron until it was sold last year, and PizzaExpress, before its disposal in July.
Freshfields acted for both Cinven and Gondola Group, fielding a team led by corporate partner Adrian Maguire, with partner Helen Lethaby leading on tax matters.
Maguire also led on the PizzaExpress sale earlier this year, when the brand was acquired by Chinese investment group Hony Capital for £900m, as well on the disposal of Byron in 2013.
Cinven is a long standing client of the magic circle firm, which scored the top role on the private equity house's original takeover of Gondola in 2006.
Travers Smith private equity partner Ian Shawyer led the firm's team acting for Bridgepoint alongside fellow private equity and M&A specialist Edmund Reed.
Finance, restructuring and insolvency partner Jeremy Walsh advised on finance aspects, with Simon Skinner acting on tax issues.
Links between the private equity house and Travers have been strong since Bridgepoint appointed Travers Smith private equity partner Charlie Barter as its first ever general counsel in 2008.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Latham, Skadden Among Firms Acting on Mubadala's $3.4 B Acquisition of CI Financial
3 minute read
Latham, Jones Day and Wachtell Lead on Anglo American's $3.8B Coal Business Sale
2 minute read
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
