Travers Smith LLP has advised long-standing client, the Azzurri Group, on its acquisition of the healthy ‘food-to-go’ chain Pod from its administrators in an accelerated transaction.
Azzurri operates in the Italian casual dining sector through its Zizzi, ASK Italian, Coco di Mama and Radio Alice brands. It has entered into an agreement to acquire the business and certain assets of Pod, including 13 of its 21 outlets across London.
Steve Holmes, CEO of Azzurri Group, commented: “We are pleased with the strong growth and rapid expansion of Coco di Mama since it joined the Azzurri Group in 2015. The deal announced today will accelerate our position in this growing sector and we look forward to serving even more Londoners fresh food-to-go.”
The Travers Smith team was led by Restructuring & Insolvency Partner Edward Smith and Private Equity and Financial Sponsors Partner Ian Shawyer, with assistance from a cross-disciplinary team that included Restructuring & Insolvency Senior Associate Natalie Scoones, Restructuring & Insolvency Associate Kirsty Emery, Real Estate Senior Counsel Sarah Walker, Employment Senior Counsel Alex Fisher, Employment Associate Zoe Dearmer, Commercial Senior Associate Rowan Armstrong, Commercial Associate Hannah Duke, Corporate Associate James Ravden, Tax Partner Jess Kemp and Tax Associate Thomas Margesson.
RSM Restructuring Advisory LLP were advised by Charles Russell Speechlys LLP.