Olswang has advised LDC backed premium restaurant group D&D London Limited, which owns over 30 restaurants in London, Leeds, Paris, New York and Tokyo, on its purchase of the highly profitable rooftop venue Madison Bar and Restaurant, at London's One New Change.

The deal was led by Olswang's leading leisure team and is the first corporate deal the firm has acted on since acting for D&D and its management when LDC took control of the group last year.

D&D are unique in the high end dining space and boast a diverse portfolio of outlets, including some of London's most iconic restaurants, such as Coq d'Argent in the City, Quaglino's in Mayfair, the Bluebird in Chelsea and Plateau in Canary Wharf.

D&D Chairman and CEO Des Gunewardena said: "Madison occupies a stunning site and I am sure will prove a fabulous investment for us.  The circumstances surrounding the transaction were complex and made the acquisition process a bit more protracted than we are used to.  Our lawyers needed to have cool heads and a real can do attitude to get the deal done- and that's what we got from David Roberts and the team at Olswang"

David Roberts said: "This was a great opportunistic buy for D&D as Madison was a profitable business and under D&D's ownership and given their operational excellence, we have little doubt that this will be a terrific addition to their already strong alfresco offering in London."

The Olswang team was led by head of the firm's Leisure practice, Partner David Roberts and Corporate Senior Associate Kate Blumhof with assistance from Corporate Trainee Marian Ang. The team was assisted by Partner Graham Chase and Associate Lydia Hutchinson for tax, Partner Gary Henderson and Associate Rachel Lafferty for employment), Partner Matt Speed and Associate Maria Demetriou for property, Senior Associate Suzan Yildiz for planning  and Associate Kaisa Matilla for IP.

D&D were advised by Harris Hagan on licensing matters (Liz Southorn). The administrators, Greenwich Inc were advised by Moon Beever (Daniel Moore) and Mishcon de Rea (Steve McCarthy) and Land Securities were advised by Eversheds.