After the deal was finalised, Jamie Oliver Restaurant Group Australia was placed into voluntary administration
A trio of top firms sealed the deal for the purchase of five Jamie Oliver restaurants in Australia.
Thomson Geer acted for the Hallmark Group, which has agreed to buy five Jamie’s Italian restaurants. King & Wood Mallesons advised the Jamie Oliver Restaurant Group Australia, which has been placed into voluntary administration after the purchase contracts were finalised. K&L Gates acted for the voluntary administrators from BDO.
Financial details of the deal – which includes restaurants in Sydney, Parramatta, Brisbane, Perth and Adelaide – have not been disclosed. The deal resulted in the closure of the Jamie’s Italian restaurant in Canberra.
M&A partner Eugene Fung led the Thomson Geer team, which included lawyer Sarah Dean.
This is the second time the Jamie’s Italian business in Australia has tried a turnaround. Last year, Ashurst advised Jamie’s Italian and the Jamie Oliver Restaurant Group Australia as it bought back the restaurants from Keystone Group, which entered administration in 2016. Herbert Smith Freehills acted for the receivers and managers of Keystone, while K&L Gates acted for the administrators of Keystone.