Coffer Corporate Leisure advises on sale of Hamburger Union
January 9, 2008
Hamburger Union has completed the sale of its five Central London restaurants to The Noble Organisation, the owners of the Aberdeen and Angus Steakhouse restaurant chains. Coffer Corporate Leisure acted on behalf of vendor Kelwhistle Ltd in the sale that sees Hamburger Union retaining its new Westfield Derby unit as well a site in Hampstead, North London.
Coffer Corporate Leisure ran a discreet sale process that produced competitive bidding from both existing restaurant operators and investors seeking to gain a foothold in the sector. The sale to Noble was attractive to the vendors because it enabled them to retain the brand.
The quality burger restaurant brand was founded in 2003 and made its name by offering handmade burgers from meats which are naturally reared, grass fed or free range, and cooked in an open kitchen on a char grill. Hugh Fowler, Managing Director and founder of Hamburger Union, has retained the brand and two sites in Hampstead and Derby – with plans to grow the business.
“This was a great opportunity deal for both parties.” Mark Sheehan, Managing Director of CCL, said. Hugh Fowler was delighted with the result and is now focussing on the future for Hamburger Union.