Tolhurst Fisher’s Corporate Finance team advises on Thai food cafe chain acquisition 05/12/2014

Tolhurst Fisher’s Corporate Finance team has just acted on behalf of Minor Food Group PCL in its acquisition of the Grab Food Thai café chain through one of Minor Food Group’s subsidiary companies.

Grab Food currently operates from two outlets in London and has ambitious plans to expand the business.

Minor Food Group owns, operates or franchises more than 10 brands and a profitable network of more than 1,500 restaurants in 17 countries across Asia.  This was its first investment into the UK.  Minor Food Group is a wholly owned subsidiary of Minor International PCL which is a leading hospitality operator with more than 100 hotels worldwide and is listed on the Stock Exchange of Thailand.

The Tolhurst Fisher team led by Chris Bard and Graeme Provan advised Minor Food Group throuhout the deal process.

Chris Bard, Commercial Partner in Tolhurst Fisher’s Southend office, commented:

‘Minor Food Group is a sophisticated restaurant operator and investment entity with a great deal of experience across various jurisdictions.  Tolhurst Fisher’s role in this investment was to provide assistance with due diligence and advise on the joint venture structure and transaction documents in light of English corporate law.  Minor Food Group’s expertise in the restaurant sector will be invaluable in assisting Grab Food to achieve its ambitious growth plans for the future.’ 

Supasith Xanasongkram, Vice President - Legal of Minor Food Group said of Tolhurst Fisher:

“We greatly appreciate your professional and quality services which was a key part of making (the investment) happen.”