Urban Pubs & Bars, a leading independent pub, bar and restaurant group in London, acquired 13 pubs and bars from Barworks – increasing its number of venues to 34.
The acquisition follows recent external investment in Urban, which was designed to help accelerate the company’s growth.
The Barworks transaction complements Urban’s existing estate sites, expanding its presence in East and North London including in Shoreditch, Clerkenwell and Camden, and adding iconic sites such as the Exmouth Arms (Exmouth Market), Singer Tavern (Moorgate) and Harrild & Sons (Farringdon).
TLT advised Urban and worked closely with Urban’s other advisors (including Sapient Corporate Finance) as part of one deal team, as well as leading on the negotiation of legal terms. The team was led by corporate partner Alice Gardner (Picture) and commercial real estate leisure partner Julian Mant, and included Luke Thorngate-Davies and Jessie Cockhill (corporate), Rachel Channer (real estate), Piers Warne (licensing) and William Ngan (tax).
Involved fees earner: Rachel Channer – TLT LLP; Jessie Cockhill – TLT LLP; Alice Gardner – TLT LLP; Julian Mant – TLT LLP; William Ngan – TLT LLP; Luke Thorngate-Davies – TLT LLP; Piers Warne – TLT LLP;
Law Firms: TLT LLP;
Clients: Urban Pubs & Bars;