King and Wood Mallesons (KWM) has advised Quadrant Private Equity on its acquisition of food and beverage empire Urban Purveyor Group (UPG) from founder, John Szangolies.

UPG comprises 20 unique restaurant and bar venues across Sydney, Melbourne and Brisbane including Lowenbrau Keller, The Argyle, Sake and Bavarian Bier Cafes.

The KWM team was led by partner Mark McNamara and included special counsel Alex Elser, senior associate Carola Toledo Silva and solicitors Josh Chalkley, Stephanie Daaboul and Anthoney Duong.

Commenting on the deal, KWM partner Mark McNamara said, “We are delighted to continue our long-standing relationship with Quadrant by advising them on this important deal in the food and beverage sector. The deal reflects a trend in the market of consumer spending on experiences and UPG is a leader in the sector.”