BCLP Advises McWin-backed L’Osteria on Acquisition of Pizza Pilgrims

BCLP advised L’Osteria on its acquisition of Pizza Pilgrims; the sellers were advised by PTMLaw, Parisi Tax and PwC Corporate Finance. The transaction saw Germany-based casual dining group L’Osteria acquire Pizza Pilgrims from its founders, James and Thomas Elliot, together with several other shareholders. As part of the acquisition, the founders and various members of Pizza Pilgrims’ existing executive team have become shareholders of Bidco and will continue to manage Pizza Pilgrims’ operations. L’Osteria, backed by private investment company McWin, is a casual dining restaurant group specialising in Italian cuisine with more than 200 locations across ten European countries. McWin focuses on the foodservice sector and has investments in brands including Gail’s, Sticks’n’Sushi and the Big Mamma Group. Pizza Pilgrims was founded in 2012 as a market stall in Soho, London, and has since expanded to operate almost 30 restaurants and concessions across the UK, specialising in Neapolitan-style pizza. BCLP represented L’Osteria with a team composed by: Global Department Leader (Corporate and Finance Transactions) Carol Osborne; Co-Global Practice Group Leader (Corporate Transactions) Benjamin Lee; deal leaders and Partners Benjamin Lee, Andrew Hart and Marie Johnson (Corporate Transactions, London); Senior Associate George Avery; Associates Cecilie Sørvig and John Adamson; Trainee Bim Akinsanya (Corporate Transactions, London); Partners Simon Letherman and David Dennison and Senior Associate Alex Cheetham (Tax, Employee Benefits and Private Client, London); Partner and EMEA Lead Geraldine Scali, Associate Olivia Wint, Global Practice Group Leader Marcus Pearl, Associate Vishnu Rege and Trainee Rui C Lee (Technology, Commercial and Data, London); Office Managing Partner Anna Robbins (Core Real Estate UK, Southampton); Senior Associate Marisol Aspinell (Core Real Estate, UK, Manchester); Associate Director Michelle Morgan, Senior Associate Lydia Octon-Burke and Associate Ellie Serridge (Employment and Labor, London); Senior Associate Paul Culliford (Antitrust, Competition and Trade); and Associate Director Jeremy Bark (Regulatory, London). PTMLaw, Parisi Tax and PwC Corporate Finance represented the sellers.

BCLP Advises McWin-backed L’Osteria on Acquisition of Pizza Pilgrims

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