Shoosmiths’ private equity team advises on Gusto Restaurants MBO

The private equity team at Shoosmiths has advised funds managed by Palatine Private Equity on the management buyout (MBO) of Gusto Restaurants and Bars from restaurant group Living Ventures.

Manchester-based private equity partner Mark Dawson led Shoosmiths’ advisory team, with corporate advice from private equity partner Kieran Toal, senior associate Alex Lilley and solicitor Kelly Harvey and banking advice from partner Liz Sweeney and associate Ruth Evans.

Palatine’s investment will enable Gusto to grow, including launching a flagship restaurant in Manchester.

Shoosmiths’ legal due diligence for the transaction was provided by Tom Wilde (tax), Rob Cruise (commercial), Danielle Ingham and Sarah Booth (employment), Paul Carney (pensions), Sophie Wilkinson (environmental), Hayley Saunders (regulatory), Jo Joyce (intellectual property), Aisling Duffy (data protection) and James Wynne, Helen Spink and Lida Khanverdi (property).