Coffer Corporate Leisure Advises on First Restaurant Groups Acquisition of High Profile Gastropub Group
January 15, 2007
Howard Tillman and Carlo Spetales First Restaurant Group has completed the acquisition of restaurateur Tom Etridges Frandek; a group of 3 high profile London gastropubs comprising The Ebury in Pimlico, The Running Horse in Mayfair and The Waterway in Maida Vale.
Tillman, owner of fashion brand Jaegar, and restaurateur Spetale bought West Londons Notting Hill Brasserie in 2004, and expanded their holdings with the rescue of Mayfairs Taman Gang restaurant from administration last year. The strategic acquisition of Frandek is in line with the pairs ambition to create a robust group of restaurants and bars.
Coffer Corporate Leisure advised on the deal. David Abramson, who handled the negotiations, said This is a great acquisition for Carlo and Harold and firmly establishes the pair as substantial players in the sector. We are committed to finding more opportunities to expand the business further.