National law firm Gateley Plc, has advised transformational private equity investor, Endless LLP on the acquisition of shoe retailer Jones Bootmaker from administration. The deal completed on Saturday, 25 March just nine days after the initial instruction.
The Endless vehicle purchased the business and assets of the retailer for £11m together with some assets from a connected company, Brantano Retail Limited, which was in a separate administration. 72 of 110 stores were taken on with around 840 employees and Endless are injecting a further £9m to fund the business going forward.
A national, cross-discipline team led by Gateley Plc’s Corporate Recovery team in Leeds included senior associate Matt Leech and partner William Ballmann. Other teams involved in the deal included Richard Morton and Lisa Smith (Banking), Andrew Macmillan and Helen Webster (Employment), Peter Budd and Tom Hughes (Commerce, Technology & Media), Phil Gregory and Andrew Boyd (Property) and Tamanna Keir and Emma Wilson (Corporate).