Renowned legal firms Kirkland & Ellis and Slaughter and May are providing legal counsel in the £506 million Apollo Group Management acquisition of The Restaurant Group (TRG), which owns popular Asian cuisine chain Wagamama. Slaughter and May represent the seller, TRG, while Kirkland operates in the interest of the New York-based private equity firm, Apollo. The transaction is projected to close early 2024
The deal is subject to approval by TRG shareholders, among other requirements as per the acquisition announcement. This high-stakes business transaction is guided by an exceptional team of legal professionals from both law firms including corporate, debt finance, tax, pensions, employment and incentives, competition, real estate, IP, and financing partners.
Ashurst represents RBC Capital Markets, who are the financial advisors to Apollo, with partners Karen Davies and Tim Rennie leading the team.
In a statement, TRG’s chair, Ken Hanna, detailed the company’s recovery from pandemic-related challenges and its assessment of the strategic options, which led to this announcement. Hanna further declared that the board, while confident in the plan, appreciates the premium offer from Apollo, viewing it as a secure value proposition in a volatile macro-economic environment.
For more information on this unfolding story, please read the full article on Law.com.