The corporate restructuring and insolvency team at Bristol-headquartered national law firm Burges Salmon has advised private equity firm Causeway Capital Partners on its acquisition of Patisserie Valerie, the UK café chain that went into administration last month.
The deal, which seeks to preserve the jobs of nearly 2,000 workers in the group’s 96 outlets and return value to the established brand across the UK and Northern Ireland, was completed in under two weeks from first round bids.
Dublin-headquartered PE firm Causeway Capital Partners specialises in UK and Irish SMEs, and already owns a number of businesses in the café sector, including Bakers + Baristas.
The Burges Salmon team was led by Andrew Eaton, assisted by senior associate Emily Scaife and head of the firm’s real estate restructuring team Colin Ligman.
Andrew, pictured, said: “We’re delighted to have helped Causeway Capital complete a transaction in challenging conditions. We wish them and management every success in returning growth to the business.”
Andrew was a