Thomson Geer has acted for the part owners of four Chargrill Charlies franchises in the sale of the group to private equity giant PAG Asia Capital and its Craveable Brands business.
Chargrill Charlies is a popular Sydney takeaway chicken chain, which is expanding around Australia. Thomson Geer acted for 4 out of the 19 Chargrill Charlie's stores as part of a larger transaction.
The client bought out the existing franchisor which held a minority share in each of the franchisee entities. Those entities then negotiated new franchise arrangements with Craveable Brands.
Thomson Geer provided legal services to the client on all aspects of this transaction, including drafting and negotiation of transaction documents to buy the interests in the franchises and new franchise agreements and the completion process.