Our People
Advice that gets results

Mundays advises on disposal of Ed's Easy Diner Restaurants

1st June 2009

Despite the very difficult corporate sales marketplace the owners of Ed’s Easy Diners have successfully concluded a sale of the parent company for an undisclosed sum. Cobham based solicitors Mundays LLP advised the sellers on the disposal of the restaurant chain, which operates American style diners at landmark locations in London’s Soho, the Trocadero Centre and Bluewater.

Mundays worked closely with long standing adviser to the sellers, Andrew Kaye, a partner of UHY Hacker Young LLP who provided accountancy and tax advice to the sellers. Law firm McGuireWoods LLP advised the purchaser, a management buy-in team led by Peter Featherman, who is backed in the venture by investment group Rankvale, a widely known investor within the European property sector.

Neale Andrews, partner in the corporate department of Mundays, led the transaction for the sellers alongside corporate assistant Fiona Butler. He comments, “We are extremely delighted for all concerned to get the transaction away in what has been a very difficult market”.

Mark Sheehan, managing director of Coffer Corporate Leisure, who brokered the transaction on behalf of the sellers, pointed to the interest expressed within the industry prior to the sale which culminated in several offers from private equity buyers attracted by the “undoubted roll out potential” of the much loved Ed’s brand.

Mundays LLP is a substantial regional practice, with notable corporate, commercial and property expertise together with a full range of private client services, including family, private wealth, dispute resolution and employment.

For further information, please contact:
Neale Andrews
01932 590617
Email: neale.andrews@mundays.co.uk

Latest News

An October Smorgasbord
Thursday 19th October 2017

Andrew Knorpel serves a number of recent developments across a variety of areas in employment law and practice

Read More

It's Hailing Taxis Again
Thursday 5th October 2017

Sophie Banks looks into the further important decision relating to the employment status of “gig economy” workers.

Read More

Sharing Space - The Future of Distribution Centre Occupation
Wednesday 27th September 2017

Gemma James looks at premises sharing for suppliers who need to meet the expectation of a swift despatch and delivery by being in multiple locations

Read More