BCLP advises McWin on acquisition of majority stake in L'Osteria

International law firm BCLP advised investment company McWin on the acquisition of a majority stake in restaurant concept L'Osteria.

McWin is acquiring the majority of the shares in FR L'Osteria SE for its McWin Restaurant Fund (MRF). Sellers are the company's founders Klaus Rader and Friedemann Findeis, who will retain a stake in L'Osteria and intend to work closely with McWin going forward to further expand the business. The transaction values the business at nearly 400 million euros. It is subject to customary regulatory requirements and is expected to close in Q1 2023.

McWin is a private investment firm specializing in the foodservice and food technology sectors. The company is led by Henry McGovern, founder of AmRest, and Steve Winegar. Recently, BCLP advised McWin when it acquired 85% of Burger King Deutschland GmbH. Further investments include the restaurant concepts Dean & David, Vapiano and Gail’s Bakery. A cross-border team from BCLP also advised on McWin's investment in the hospitality platform White Rabbit Projects in December 2022.

L'Osteria was founded in 1999 by Klaus Rader and Friedemann Findeis. The casual dining concept operates 157 stores with over 6,000 employees across the DACH region, UK, France, Luxembourg, the Netherlands and the Czech Republic. This new partnership with McWin will further support and accelerate the group’s expansion both in Germany and in multiple new and existing markets across Europe.

The BCLP team led by Frankfurt Partner Till Buschmann (Corporate Transactions) advised on the entire M&A process. Further team members included Hamburg Partners Tonio Sadoni (Corporate Transactions) and Dominik Weiss (IP) as well as Frankfurt Partners Julia Schweitzer (Employment) and Heiko Stoll (Tax) and London Partner Adam Bogdanor (Corporate Real Estate and Funds). Additional transaction support came from Aslan Sönmez (associate, Hamburg, Corporate Transactions), Dirk Ehleben (counsel, Real Estate), Dr Kirsten-Inger Wöhrn (counsel, Real Estate), Christian Spatz (senior associate, Corporate Transactions), Valeria Podmogilni (associate, Real Estate & Corporate Transactions, all Berlin), Janine Eschenauer (senior associate, Employment), Kristin Frohne (associate, Employment), Svenja Katharina Langohr (associate, Employment), Sascha Wickler (senior associate, Corporate Transactions), Agnes Bobrowski (associate, Corporate Transactions), Louisa Lierz (associate, Corporate Transactions, all Frankfurt), as well as David Anderson (partner, White Collar, Antitrust and International Trade), Paul Culliford (senior associate, White Collar, Antitrust and International Trade) and Thomas Wright (associate, White Collar, Antitrust and International Trade, all Brussels).

The McWin team was led from the legal side by its legal counsel – Dawid Ksiazczak.