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Six prestigious Sydney venues acquired
Three firms have advised on the sale of six Sydney-based venues, which include some of the city’s most high-profile bars and restaurants.
Emma Musgrave
Firms: Herbert Smith Freehills (Morgan Kelly and Ryan Eagle, the receivers and managers of Keystone Group); Allens (Dixon Hospitality Group); K&L Gates (Bentleys, the accounting and financial administrators)
Value: Undisclosed
Area: M&A
Key players: The legal team advising Keystone Group was led by Herbert Smith Freehills’ partners Paul Apathy, Mark Currell (pictured) and Bruce Ramsay, with assistance from senior associates Rowena White, Sarah Spencer, Phillip Rattenbury and Merryn Quayle and solicitor Marcus Berghouse.
Deal significance: The transaction involves the sale of some of Sydney’s most prestigious bars and restaurants including Bungalow 8, Cargo Bar and Kingsleys Woolloomooloo.
Commenting on the transaction, Herbert Smith Freehills partner Paul Apathy said: "We were pleased to advise the receivers and managers on this significant transaction in the hospitality sector that delivers a great outcome and certainty for all relevant stakeholders."
The sale is expected to complete later this year.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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