Walker Morris advises Real Good Food and TheWorks

Walker Morris advises Real Good Food and TheWorks

The corporate team at Walker Morris has advised on two fundraising programmes worth a little over £100 million.

Corporate lawyers at Walker Morris most recently advised Real Good Food on a proposed open offer to raise up to approximately £1 million. This followed the firm’s advice to TheWorks on its proposed initial public offering, which would value the specialist retailer at approximately £100 million.

The Walker Morris team advising Real Good Food was led by corporate partner Richard Naish, and supported by Ed Brown and Marianne McKeown.

Naish commented: “Having advised Real Good Food on the sale of the business and certain assets of its non-core trading business, Garrett Ingredients Limited to Kent Foods Limited in April this year, we’re delighted to be supporting the Group on this latest transaction and look forward to continuing to support the Company and its executive management team.”

TheWorks has applied for admission to the main market for listed securities of the London Stock Exchange.

Naish led this work, with the support of Debbie Jackson, Adrian Moss, Rebecca Austin-Heath, Marianne McKeown and Mark Scoles (corporate); Michael Taylor and Ricky Walker (banking and finance); Andrew Rayment and Suzanne Treen (employment); and Cameron Baloyi Rigby (real estate).

Specialist lawyers from Walker Morris’s commercial contracts, intellectual property and tax/share schemes’ teams also provided support.

Naish said: “The group’s [TheWorks] management has a strong financial track record which has delivered growth and increased cash margins over recent years—which is all the more impressive against an economic backdrop which has seen other retailers struggle. It was great to be asked to advise on this next chapter in the group’s development.”

Categories: Business Development, News

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Mark Dugdale

Mark is the Editor of Yorkshire Legal. Mark welcomes articles, letters or feedback from readers and can be reached by emailing mark.dugdale@barkerbrooks.co.uk