BLP advises on the acquisition and financing of the Crazy Bear Group
BLP’s market leading hotels practice has acted on the acquisition and financing of the Crazy Bear Group from the founding partnership that set up the Group in 1993. The distinctive portfolio, comprising three sites at Stadhampton, Beaconsfield and Fitzrovia have been described as the “antithesis to bland hotels”. It includes the oldest documented building in Beaconsfield – a fifteenth century coaching inn, awarding winning restaurants and has been included on Conde Nast’s Hot List for best new hotels in the world.
The multi-disciplinary team at BLP was led by Partner and Head of Hotels Group, Karen Friebe, supported by Richard Sen and listed buildings specialist Robert Gowing, the financing was dealt with by Owen Jones and Katie-Sage Price and Corporate’s Alexis Karim, Marie Johnson and Michael Dodge advised on the connected shareholders’ agreement and management roll-over piece.
Discussing the deal, Karen Friebe said: “We are delighted to have had the opportunity to act on this acquisition and are excited to see this unique business prosper.”