Shoosmiths shows its real estate expertise on £16.5m acquisition for Revolution
October, 2022 - Milton Keynes, England
Shoosmiths has supported Revolution Bars Group on its acquisition of Peach Pub Company.
The law firm advised Revolution, which operates 69 bars across the UK, on the real estate aspects of the £16.5m deal that sees it acquire Peach and its collection of 21 premium pubs.
The leasehold pubs are located in the South of England and Midlands, with Shoosmiths advising on a range of matters as part of the deal, including detailed property due diligence, specialist planning advice and property finance support.
By acquiring Peach and its venues, Revolution is diversifying its business and aiming for growth across multiple trading segments of drinks, food and accommodation.
Danielle Davies, chief financial officer at Revolution Bars Group, commented:
“Shoosmiths’ expertise was a key component to the success of the deal, which is set to be an exciting and transformative opportunity for Revolution. The firm’s responsive and tenacious approach helped guide us through the various real estate aspects of the acquisition and to achieve completion within the required timescales.
“We’re looking forward to continuing our work with Shoosmiths as Revolution progresses on this new avenue for growth.”
This transaction follows Shoosmiths advising long-standing client, Revolution, on all aspects of its existing group property portfolio.
Leading the Shoosmiths team was real estate partner Kirsty Chalkley, supported by legal director Simon Dawes, and with specialist input from property litigation principal associate Richard Willcox and planning partner Karen Howard.
Kirsty Chalkley, real estate partner at Shoosmiths, said:
“This landmark acquisition is set to bring together two businesses that are at the forefront of their markets, offering a high-quality experience to a diverse demographic of customers. It will see Revolution also expand its real estate footprint – enabling it to tap into markets outside of towns and cities.
“We have a strong partnership with Revolution and are proud to be supporting the business on the next stage of its growth plan. This latest deal demonstrates the pre-eminent expertise of Shoosmiths real estate and the commercial focus our teams bring to complex transactions.”
