Milbank has successfully represented funds advised or managed by KKR Credit Advisors (US) LLC and Pemberton Capital Advisors LLP on the acquisition of the majority ownership of the Casual Dining Group ("CDG"). CDG is one of the largest casual dining groups in the UK with close to 300 locations, operating such restaurant brands as Bella Italia, Café Rouge and Las Iguanas.
KKR and Pemberton, who were already term loan lenders to CDG, agreed to further support CDG by acquiring a controlling interest in the group, deleveraging the business and providing liquidity.
The Milbank team was led by partner Peter Newman and included partner Russell Jacobs, special counsel Nicole Stephansen, and associates Tawnee Harker, Sarah Ullathorne, Elin Gosby, Laura Saul and Laura Sekula.
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