FFW advises Hartford on acquisition of Henry J Beans
03 October 2005
City law firm Field Fisher Waterhouse (FFW) has advised Hartford
Group plc on its acquisition of 100% of the share capital of the
Henry J Beans Group Limited for a total consideration of £5.8
million. The acquisition follows Hartford Group’s acquisition of
Brodie & Knight earlier in 2005.
The consideration comprises £3.6 million paid in cash at
completion for the equity, together with repaying indebtedness of
£2.2 million. The acquisition has been financed from a new debt
facility provided by Barclays Bank plc.
The Hartford Group operates 26 wine bars, bars and restaurants
in and around London, including the Jamies wine bar chain. Henry J
Beans is a high-quality American-focused bar and grill concept
renowned for its diverse range of quality drinks and cocktails, and
food served from an open grill. The Henry J Beans brand targets
similar customer groups to the current Hartford businesses but at
the same time delivers an opportunity to expand into new markets
outside Central London. Henry J Beans operates five managed
outlets in the UK, located in Chelsea and Camden in London,
Bristol, Manchester and Birmingham.
FFW real estate partners Paul Houston and Ramatu Banga advised
Hartford, with corporate assistant solicitor John McLaughlin.
McGrigors (Patrick Martin) advised the sellers; BLP (Michael Ewart)
advised Barclays Bank.
For further press information, please contact:
Ben Girdlestone, Communications Manager, on +44 (0)20
7861 4968
Louise Eckersley, PR Executive, on +44 (0)20 7861 4120