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National law firm Freeths has advised Karali QSR, part of the Karali Group of Companies on its purchase of 46 Taco Bell restaurants from a single franchisee.听 Freeths also advised Karali QSR on securing 46 new International Franchise Agreements with Taco Bell Europe, part of Yum! brands which owns Taco Bell, KFC and Pizza Hut.
As a leading operator of franchises in the quick service restaurant, casual dining and caf茅 sectors, family-owned Karali Group has preserved of over 650 jobs through this transaction, ensuring stability and job security.
The deal will also provide Taco Bell in the UK with a robust financial footing for the future. It comes just weeks after Freeths advised Karali Snacks on the acquisition of Crosstown Doughnuts as Karali continues to expand its portfolio across the consumer, leisure, retail and real estate sectors.
The Freeths legal team was led by National Head of Commercial and Franchise Iain Bowler and Restructuring and Insolvency Director Miles Hacking (pictured left to right). They were supported by Restructuring and Insolvency Partner Su Garner and Real Estate Partner Lucy Bradban. Karali was also advised by PWC with whom Freeths worked closely advising Karali on all aspects of the transaction.
Commenting on the deal, Iain said: 鈥淎s a valued and important client, it鈥檚 always a pleasure to work with the Janmohamed family and Karali Group as it continues to grow and strengthen the business in the UK and beyond. Freeths鈥 values really compliment the client鈥檚 personal and business ethos and it鈥檚 special to be able to work with clients you feel a connection within this way. We wish the family and Karali QSR great fortune as it begins this next stage of its growth as the largest Taco Bell operator in the UK. With Karali's extensive franchise experience, we're confident this deal will be a huge success.鈥
Karim Janmohamed of Karali Group added: 鈥淲e would like to extend our heartfelt appreciation to the Freeths team for their diligence, support, and professionalism during the transaction. It has been a pleasure working with such a dedicated, friendly, and best-in-class team and we look forward to continuing our strong relationship.鈥