NoHo Partners – Directed Share Issue Related to Acquisition of Friends & Brgrs

We assisted NoHo Partners in a directed share issue relating to the acquisition of the majority of shares in the Friends & Brgrs chain of restaurants. The purchase price was paid partially in cash and partially in new NoHo Partners shares issued to the shareholders of Friends & Brgrs. NoHo Partners’ stake in Friends & Brgrs increased to about 70% through the acquisition.