Leeds' Blacks Solicitors LLP oversees latest hospitality deal
Leeds-based law firm Blacks Solicitors LLP has overseen the internal restructuring of ownership in Fazenda Rodizio Bar and Grill.
This is said to be for investment vehicle, LLB Investments Limited. City District, which owns and operates the restaurant chain and brand, chose Blacks due to an existing relationship, as well as the firm’s experience of MBOs and shareholder acquisitions.
City District and Blacks worked closely with HSBC UK and KPMG who provided funding support and corporate finance advice respectively.
Dave Paterson, the corporate law partner at Blacks who led the team in the deal, said: “It has been fantastic to work with Terence and the team at City District to achieve a management buyout which paves the way for City District to grow and strengthen the Fazenda brand, enabling further growth in new cities.”
Scott Wood, corporate director for North & West Yorkshire of HSBC UK, added: “It should come as no surprise to see Fazenda performing so well within a highly competitive sector.
“The restaurant group has brought a unique dining experience to cities across the UK, engaging with its audience and winning fans along the way. This MBO signals an exciting new chapter for the business, and we wish them every success for the future.”
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