WatchHouse, backed by Edition Capital, is a fast-growing collection of artisan coffee houses based in London. Sherrards solicitors acted on the acquisition of Fernandez and Wells Ltd earlier this year, which owns 4 coffee houses in Denmark Street, South Kensington, Mayfair, and Somerset House – the latter of which opened late February as WatchHouse.
The acquisition represents an exciting step in the development of the WatchHouse brand and the growth of its business.
Sherrards have also been successful in obtaining a Trade Mark for the WatchHouse brand recently which helps to protect the brand of the company.
Andrew Cooke, who led the corporate side of the transaction, said:
“Having assisted WatchHouse with obtaining venture capital investment, we were very pleased to help WatchHouse with the next stage of its rapid growth. WatchHouse is an exciting client, and this acquisition represents a statement of intent to become a serious player in the artisan coffee industry. We were also delighted to help WatchHouse with its intellectual property matters. Altogether a pleasing result.”
Roland Horne, CEO and Founder of WatchHouse, said:
“When we launched WatchHouse in 2014 inside a 25sqm former watch house, we wanted to build a brand where each venue was chosen very carefully to fit the local community needs, where great coffee could be enjoyed in special spaces. We started from the viewpoint of what we would want as a customer and have taken that through our journey as a core guiding principle.
Over the years we took the conscious decision to grow sustainably and carefully having seen others in the market lose what originally made them special with vast role outs. F&W was one of my favourite speciality cafes in London as a customer, I loved their attention to quality and general vibe, and therefore when the opportunity presented itself, the merger felt obvious. With the acquisition of these sites, we are incredibly excited by the opportunity to bring Modern Coffee to some of the capital’s most well-known settings”.
Andrew Cooke advised WatchHouse in respect of the corporate aspects of the transaction. Charles Hodder, Isabel Wolfe-Barry and Jonathan Peet all also at Sherrards advised on the property aspects, advising on agreements for lease, the leases and supporting documents relating to the completion of landlord’s base build works in the units, and WatchHouse extensive fit-out works.
The team worked with the landlord’s advisers and Roland Horne to minimise the impact of COVID-19 on the transaction to ensure that the opportunity remained viable so all parties could proceed.
We wish Roland and his excellent team success in these new ventures.