Pinsent Masons advises on The Real Greek pre-pack sale

The sale, implemented following the appointment of Paul Berkovi and Rob Croxen of Alvarez & Marsal as administrators, saw Karali Group (owner of Côte Brasserie) acquire a significant portion of the business, securing its continuation under new ownership.

Pinsent Masons’ multidisciplinary team advising on the transaction was led by Restructuring Partner Edward Smith, with support from Managing Senior Associate Ryan Whittaker, Associate Rithika Beena Kumary, as well as Partner Carl Scott and Senior Associate Elizabeth Williams in the firm’s Real Estate team.

Edward Smith, Restructuring Partner at Pinsent Masons, said: “This transaction highlights the pace and complexity of restructuring processes in the current market, particularly in sectors such as hospitality where cost pressures remain severe. Delivering a pre-packaged sale in these circumstances has enabled the preservation of significant value and jobs, while providing the business with a clearer pathway to long-term stability under new ownership.”

Pinsent Masons advised throughout the process, drawing on its extensive experience in complex insolvency and restructuring matters and its strong track record in the hospitality and retail sector, including advising on Franco Manca’s recent CVA, as well as the restructurings of Poundland, WH Smith, Hobbycraft and others.