PKF Smith Cooper advises Karali Group on The Real Greek acquisition

PKF Smith Cooper has advised Karali Group on the acquisition of 19 The Real Greek sites, marking the group’s third consecutive acquisition.  

Karali Group acquired the majority of the restaurant chain’s estate, in a move that has safeguarded 358 jobs and “ensured continuity at key locations” across the UK.

Founded in 1999, The Real Greek is a Hellenic restaurant brand specialising in traditional Greek and Mediterranean cuisine. 

The deal follows Karali Group’s acquisitions of Côte Brasserie and the UK business of Marugame Udon, on which PKF Smith Cooper also acted as advisor.

PKF Smith Cooper provided due diligence and wider deal advisory services, led by its specialist Transaction and Advisory Services team. The core team comprised David Nelson, Tom Sinden, Deniss Sipovics, Brendan Nightingale and Amrit Singh, alongside Corporate Finance Director and sector specialist David Crump. 

Jack Bonehill (Employment Tax director) and Kate Donlon (Employment Tax manager) provided specialist employment tax due diligence support.

David Nelson, senior partner at PKF Smith Cooper, said: “We are delighted to have supported Karali Group in securing a future for 19 of The Real Greek sites, as part of our third transaction together. 

“Our long-standing relationship with the Karali team allowed us to act decisively in a complex process, delivering a smooth transaction. We wish them every success with The Real Greek going forward.”