Osborne Clarke advises BGF on investment into Paperchase Accountancy to power international growth

International legal practice Osborne Clarke has advised the most active investor in the UK and Ireland, BGF, on its minority growth investment into Paperchase Accountancy ("Paperchase"), a leading hospitality accountancy and consultancy firm.

The investment will provide Paperchase with the funding to pursue global opportunities with a focus on expansion and providing seamless financial services backed by market insights. 

Founded over 30 years ago in London, Paperchase has established itself as the 'go-to' accountant for restaurants, bars, pubs, and other hospitality brands seeking expert financial management. With a global team of over 1,200 professionals, the company supports more than 3,000 hospitality locations across Europe, America, the Middle East, Africa, and Asia, with plans to continue worldwide expansion over the next few years.

The company’s client base collectively holds over 20 Michelin stars and ranges from start-ups to multi-chain and high-profile establishments. Notable customers include Zuma, Dishoom, Five Guys NY, and Daniel Boulud.

Paperchase’s financial management services and growth advising have been critical in driving client expansion and profitability. Backed by investment from BGF, Paperchase will harness cutting-edge technology and data-driven insights to deliver additional value to the hospitality sector, while strengthening its leadership position.

Osborne Clarke's team advising BGF was led by Corporate Partner James Taylor and included Associate Director Robert Pook, Senior Associate Sian Daly and Associate Demi Joannides. Additional support was provided by a multi-disciplinary team including Partner Tracey Wright and Senior Associate Anna Reynolds (Tax), Legal Director Rebecca Scott and Associate Jack Ready (Banking), Partner Olivia Sinfield, Senior Associate Siobhan Murphy and Associate Ahlaam Said (Employment).

International support was provided by Osborne Clarke's best friend firm in India, BTG Advaya, where the legal team included Laxmi Joshi and Ramesh Vaidyanathan (Corporate), and Arjun Paleri and Harinie Seenivasan (Employment).

"Osborne Clarke has supported BGF on numerous transactions so it was great to have James and the rest of the Osborne Clarke team work alongside us again to complete this exciting investment. The team's expertise and pragmatic approach, including managing the international elements of the deal, helped us successfully navigate every step of the process."

Zahir Kasmani, BGF investor who led on the deal

James Taylor commented: "It's been a privilege to work with BGF once again and to support them on this great transaction. Congratulations to all involved in the deal and I look forward to seeing Paperchase's continued growth and development."

Osborne Clarke has advised BGF for over a decade across multiple transactions, including recent multi-million-pound investments in Plant-Ex and Twenty7tec and the sale of a minority interest in Stark Software.

Osborne Clarke's Corporate team is a go-to practice for companies in the Retail & Consumer and Financial Services sectors. Its clients range from global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.