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Trowers & Hamlins advises Richard Caring on sale of Jackson & Rye and Limeyard

Trowers & Hamlins advises Richard Caring on sale of Jackson & Rye and Limeyard

Trowers & Hamlins is pleased to have advised long-standing client Richard Caring on the sale of restaurant brands Jackson & Rye and Limeyard to Côte, the BC Partners backed group, for an undisclosed sum.

Jackson & Rye is an East Coast American-style concept restaurant with three sites in London (Soho, Richmond and Chiswick).  Limeyard is a casual all-day American restaurant with a single site in Ealing, West London.  

Alex Scrimgeour, the chief executive of Côte, told the Evening Standard that the business sees an opportunity to develop and expand the Jackson & Rye and Limeyard brands further. 

Richard Caring was an original backer of the restaurant chain Côte, and sold a majority stake in that business to CBPE three years ago for circa £100 million.  The Côte business was subsequently acquired by BC Partners in 2015 for circa £250 million. 

The Trowers & Hamlins team advised two holding company sellers on sale of Jackson & Rye and Limeyard and included partners Julien Allen, Nick Harrisingh and Ian Dobinson and solicitor Laura Harradine-Greene.

Trowers & Hamlins recently advised Richard Caring on the acquisition of 4-6 Berkeley Square, W1, which is now home to Sexy Fish, described by GQ magazine as London's biggest restaurant launch of 2015.

Trowers & Hamlins' dedicated Hotel & Leisure group acts for owners, operators, developers, funders, contractors, consultants and specialist suppliers for a wide range of assets and businesses including hotels, health and fitness centres, golf courses, cinemas, spa facilities, bars and restaurants.