Firms: King & Wood Mallesons (Quadrant Private Equity); Gilbert + Tobin (John Szangolies/ Urban Purveyor Group); Ashurst (banks)
Deal: Quadrant Private Equity acquired food and beverage empire Urban Purveyor Group from founder John Szangolies
Key players: The KWM team was led by partner Mark McNamara and included special counsel Alex Elser, senior associate Carola Toledo Silva and solicitors Josh Chalkley, Stephanie Daaboul and Anthoney Duong.
Deal significance: Quadrant Private Equity is a private equity investment provider in Australia.
Urban Purveyor Group comprises of 20 unique restaurant and bar venues across Sydney, Melbourne and Brisbane including Lowenbrau Keller, The Argyle, Sake and Bavarian Bier Cafes.
Quadrant Private Equity has acquired Urban Purveyor Group from its founder John Szangolies for a confidential sum.
King & Wood Mallesons lead partner Mark McNamara said this was an important deal in the food and beverage sector.
“The deal reflects a trend in the market of consumer spending on experiences and UPG is a leader in the sector,” Mr McNamara said.