Burges Salmon’s Corporate Restructuring and Insolvency team has advised Administrators from BDO LLP, Ryan Grant and Tony Nygate, on the sale of certain Bathstore.com Limited assets to Homebase Rooms Limited.
The deal sees Homebase take over 44 stores, intellectual property and stock of Bathstore.com and the sale has secured the jobs of the 154 employees at these stores.
The Burges Salmon multi-disciplinary team was led by Andrew Eaton, head of the firm’s Corporate Restructuring and Insolvency team and assisted by senior associate, Emily Scaife.
Andrew comments: “We are pleased to have advised the Administrators on this deal, which has helped secure the brand and a significant number of stores of Bathstore.com.”
This transaction follows a number of high street restructuring mandates for the Burges Salmon team, having recently advised private equity firm Causeway Capital Partners on its acquisition of Patisserie Valerie.