Matthews Hospitality advised on acquisition, restructure
South Australian family-owned hotel group Matthews Hospitality has been advised on its acquisition, restructure and refinancing.
Firm: Piper Alderman (Matthews Hospitality).
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Deal: Matthews Hospitality has reshaped its portfolio “to ensure the family legacy continues for future generations of hoteliers”, Pipers said in a statement. The deal, which came into effect in early September, involved the acquisition of seven of nine Matthews Hospitality venues by siblings Lisa, Scott and Ward Matthews.
Key players: The Pipers team consisted of partner Martin Lovell and lawyer Oliver Radan.
Deal significance: Commenting on the deal, Mr Lovell said: “Matthew Hospitality is an iconic South Australian business that has played an important role in the development of the hospitality industry in the state. We are very proud to have assisted in the acquisition, restructure and refinancing of the group as it moves into its next phase of growth”.
Elsewhere, company director and shareholder Ms Matthews commented: “The practical, logical, commercial and timely advice we received from our legal team at Piper Alderman, led by Martin Lovell, over the 12 months of our family business transaction was more than impressive.”
“Apart from providing us with the legal advice we needed, the coordination and open dialogue between Pipers and our accountants, bankers, valuers, family members, and the day-to-day business management team were the key to the successful resolution of our needs,” she added.