International law firm Olswang has advised the holding company of Searcy Tansley & Company on its sale to the trade purchaser Westbury Street Holdings Limited.
The iconic Searcys, established in 1847, is one of the UK's best known and most established high end restaurant and catering groups which operates restaurants such as the site at the top of London's 'Gherkin' and premium champagne bars at Kings Cross St Pancras and the London Westfield stores. Searcys also caters to public visitor attractions such as the Pump House in Bath and Blenheim Palace.
Chris Maddison, Searcys Managing Director said: "Following the management team's previous MBO, this sale represents the next stage in the growth of this long established and high quality business and the management team are excited about the future. Our thanks go to David Roberts and Ben Taylor and their dedicated team at Olswang who worked hard to get this deal over the line."
David Roberts, Corporate Partner and Head of Olswang's Leisure practice said: "Searcys is a quality business with some exceptional clients and we are very pleased for the management and staff that this next chapter in this iconic British company is secured under WSH's watch."
The Olswang team was led by Corporate Partner David Roberts, supported by lead Corporate Associate Ben Taylor and Corporate Trainee Emily Flaxman. The wider team involved Commercial Partner Matt Bennett, Tax Partner Graham Chase, Tax Associate Lydia Hutchinson, Pensions Partner Ron Burgess, Pensions Senior Associate Andrew Campbell, Finance Associate Caroline Grant and Employment Partner Melanie Lane.
Searcys were advised by BDO Corporate Finance (Peter Hemington, Kieran Lawton and James Gregson). WSH were advised by Hierons & Co (Richard Hierons and Vanessa Evansson-Goddard).