Pinsent Masons advises on Franco Manca CVA

The business undertook the CVA in response to sustained structural pressures facing the hospitality sector. The CVA is intended to place the business on a sustainable footing for long-term growth, with restaurant closures limited to sites that are no longer viable in the current economic environment. 

The Pinsent Masons team was led by Restructuring Partner Edward Smith, Managing Senior Associate Melanie Moore and Associate Rithika Beena Kumary, supported by Real Estate Partner Carl Scott and Senior Associate Elizabeth Williams. 

Commenting on the restructuring, Partner Edward Smith said: “The hospitality sector continues to face sustained cost pressures, even for strong consumer brands. This CVA gives Franco Manca a more sustainable platform to adapt and grow in a demanding operating environment.”

This transaction further reinforces Pinsent Masons’ market-leading retail restructuring practice and its experience in advising management teams, investors and other stakeholders on complex matters. The firm has advised on a number of high-profile mandates in recent years, including acting for the board of Poundland on its restructuring plan, and on the restructurings of The Real Greek, WH Smith, Hobbycraft and others.