Freeths has advised Breal Capital and Calveton Group on the acquisition of the business and certain assets of Thursdays (UK) Limited, trading as TGI Friday’s.
The acquisition of both business and assets, will see a substantial proportion of UK venues of the global TGI Friday’s franchise safeguarded, preserving over 2,000 jobs across the country for this iconic hospitality company.
This deal follows other acquisitions for Breal and Calveton in this sector over the last 18 months including D&D London Group.
Leading on the deal for Freeths was Client Partner John Jeffreys.
He said: “It was a pleasure to support key client Breal Capital and Calveton Group and to have led the Freeths team on this complex transaction. We wish TGI Friday’s every success as it embarks on the next phase of the business with the support of fresh investment and expertise from Breal and Calveton.
“With thanks to Brent Osborne, Mick Welden, Toby Osborne and Sam Bevan at Breal and Sandeep Vyas at Calveton for putting their trust in us again to deliver this key acquisition for them.”