A cross-departmental deal team from Shoosmiths led by partner Jonathan Dunkley and legal director Tom Swain, has advised ETM Group on its acquisition of the key trading assets of Maven Leisure, including the London-based roof-top bar Wagtail, and sports bars and restaurants Goldwood and Beechwood.
ETM Group is a leading hospitality company known for its portfolio of premium bars, restaurants, and pubs across London. The acquisition of these key sites strengthens ETM's position in the market by adding them to the existing stable of the premium ETM collection, supporting its growth strategy.
Jonathan Dunkley commented “We are delighted to have advised on this transaction. Trading conditions in the UK hospitality sector post-covid have remained challenging, so it is great for the Shoosmiths team to have played a role this in positive outcome resulting in the preservation of roles. We look forward to seeing the ETM Group go from strength to strength.”
Ed Martin, Chief Executive of ETM Group, commented: "By acquiring Wagtail, Goldwood and Beachwood, ETM has protected 176 jobs, consolidated the business and set the base for future growth. Johnny, Tom and the team at Shoosmiths were invaluable throughout this whole deal, adding value through their considerable legal expertise and diligent advice."
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