Thomson Geer acted for Festival State Foods Pty Ltd in their subsidiary's (Vic Chick) sale of a number of KFC stores to the largest Australian KFC franchise owner, Southern Restaurants Pty Ltd.
Thomson Geer advised Festival State Foods on all aspects of the transaction including: assisting the Seller with the due diligence process in a competitive bidding process with multiple bidders; negotiating the Acquisition Agreement and ancillary documents; obtaining various consents and compliance with the requirements of the Franchising Code of Conduct; and managing legal aspects of Completion.
The Thomson Geer team was led by Partners Loretta Reynolds and Annabel West, and supported by Senior Associate Hugo MacMillan, and Lawyer Ben Heaslip.