Loungers Expands Portfolio With CF Exedra Bidco Acquisition

The article reports Burges Salmon’s pivotal role in advising Loungers plc's senior management and founders during its acquisition by CF Exedra Bidco. The transaction, amounting to approximately £354 million, continues the chain's successful trajectory in the hospitality sector against a backdrop of prior investments from Piper and Lion Capital. The legal team from Burges Salmon, led by Mark Shepherd along with partners and associates from their Corporate and M&A team, collaborated with Loungers’ leadership to navigate this significant acquisition. CEO Nick Collins emphasizes Burges Salmon’s long-standing partnership and integral advisory role since 2012, with their expertise and familiarity proving crucial in the latest acquisition stage. This deal underlines the legal firm’s extensive experience in handling corporate transactions for various sectors, including hospitality.