Stephenson Harwood has advised the shareholders of Cubitt House on the sale of a majority stake to private investors who will acquire a majority stake in the business and provide funding to facilitate future expansion.
Cubitt House owns and operates four high quality pub restaurants in some of central London’s most desirable neighbourhoods:
- The Thomas Cubitt, Elizabeth Street, Belgravia
- The Alfred Tennyson, Motcomb Street, Belgravia
- The Orange, Pimlico Road, Belgravia
- The Grazing Goat, New Quebec Street, Marylebone
The selling shareholders have retained an equity stake in the business alongside the new investors and the acquisition and development of additional sites is anticipated.
Lead partner Sam Gray commented: "We were very pleased to advise on the competitive sale process of Cubitt House. It was a pleasure to work with Sapient Corporate Finance, Stefan Turnbull, Barry Hirst and their wider team to deliver a successful outcome."
Stefan Turnbull, one of the founding shareholders of Cubitt House added: "Sam Gray and the rest of the Stephenson Harwood team provided an absolutely first rate service. Their advice covered not just the corporate aspects but employment, real estate and tax and they also played a key role in the project management of the transaction from start to finish."
Sam Gray was supported by corporate partner Maryanna Sharrock, and associates Brendan Sheehan (corporate), Kate Worthington (tax), Serena Foulkes (employment) and Stewart Scott (real estate).