Hospitality business steams ahead following acquisition
posted 3rd March 2023
The GS Verde Group is pleased to have advised on the acquisition of a hospitality business in Cardiff, which has major growth plans under new ownership.
Situated in a prime borough region of Wales' capital, the business has a longstanding positive reputation amongst locals and visitors alike. The acquirer sought a venture that, in light of the challenges posed by the Covid-19 pandemic, was a prosperous opportunity and of significant benefit for the community. Restoring and transforming the venue is intended to address the rising demand amongst consumers for more independently-run businesses in their area and be in keeping with the overall business landscape of the borough.
The acquisition will allow the business to expand its offerings and improve its already impressive customer experience, as the new ownership plans to invest in renovations and upgrades to the facilities. GS Verde facilitated the deal, leveraging its multidiscipline expertise in dealmaking to provide legal due diligence services, and negotiating the deal structure.
GS Verde Group's multidiscipline approach ensures while the search for a seller is ongoing, our legal team is able to address various legal issues a deal can pose, saving time for both parties. With corporate finance and legal advisors under one roof, the team has a thorough and informed picture of how a transaction is progressing and works to structure the deal to best meet the acquirer's needs.
During this transaction, GS Verde utilised its specialist property law division, which was instrumental in mitigating any potential risks and challenges and assuring the transaction progressed efficiently.
Dominic Dineen, Associate Director at GS Verde Law, said: "The use of our in-house law team on this deal demonstrates the unique advantage that GS Verde offers to our clients. In this particular deal, our corporate law team played a crucial role in advising on various legal issues involved in the acquisition, ensuring maximum value for the acquirer. We look forward to seeing the business continue to thrive under new stewardship."
Combining legal, tax, finance, and communications, the GS Verde Group are the business-focused experts in getting deals done.