A team of corporate lawyers from our London office recently advised firm client Rankvale Hospitality Limited on its acquisition of the entire share capital of Moncorvo Limited, the Jersey-registered holding company of the UK-based group of companies that owns the popular restaurant chain Ed’s Easy Diner. The acquisition, that was finalized earlier this month, is the first M&A transaction completed by McGuireWoods London LLP, following our May 1, 2009, merging of operations with the London law firm Grundberg Mocatta Rakison LLP.
Ed’s currently has three “American diner” restaurants – two in the heart of London’s fashionable West End, in Old Compton Street in Soho and the Trocadero centre on Rupert Street; and one in the Bluewater shopping centre. Ed’s was acquired by a management buy-in team led by Peter Featherman, and backed by Rankvale, from the family trust of Barry Margolis, its late founder. Transaction terms were not disclosed.