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Hallmark Group to scoop up 5 Jamie's Italian restaurants
Thomson Geer has advised the Brisbane-based company on its impending acquisition of five Jamie's Italian restaurants.
Emma Musgrave
Firms: Thomson Geer (Hallmark Group); King & Wood Mallesons (Jamie Oliver Restaurant Group - Australia - Pty Ltd)
Value: Confidential
Area: M&A
Key players: The Thomson Geer legal team was led by M&A partner Eugene Fung, with assistance from lawyer Sarah Dean.
Deal significance: Through this agreement the Hallmark Group will acquire the Jamie Oliver restaurants which are based in Sydney, Parramatta, Brisbane, Perth and Adelaide. Following contracts being exchanged, the seller - Jamie Oliver Restaurant Group Australia Pty Ltd - was placed into voluntary administration, resulting in the closure of its Canberra store.
"This is the second turnaround play for the Jamie’s Italian business in Australia after the Jamie Oliver Group in the UK bought back the chain from the Keystone Group, which itself went into receivership in 2016," said a statement from Thomson Geer.
"Our client, Brisbane based Hallmark Restaurants Group, has entered into a conditional contract to buy the remaining five Australian stores and aims to restructure and turn the business around, and has announced that it is actively seeking sites for expansion."
Lawyers Weekly's sister publication MyBusiness recently covered the news about the restaurant chain's Aussie stores closing up shop. To check it out, click here.
Pictured: Thomson Geer partner Eugene Fung.
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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