Deals round-up: Irwin Mitchell marathon; Turner Parkinson

THE MANCHESTER-based insolvency team at national law firm Irwin Mitchell
advised turnaround firm Begbies Traynor on the sale of the remaining parts of Principle Leisure (North East) Limited to Popolo Leisure Limited.
 
North East-based bars operator Principle Leisure went into adminisatration in April 2011, and since then the business has been operated by Begbies Traynor under licence until agreements could be reached with the multiple landlords to allow the deal to complete at the beginning of this month.#
 
Partner Chris Jones said: “Following such a complex and lengthy transaction, it is extremely pleasing to complete the sale and safeguard the future of 300 jobs.”
 
Principle Leisure (North East) Limited comprises the following bars and restaurants: Popolo Newcastle; Popolo Sheffield; San Lorenzo Gosforth; San Lorenzo Cramlington; and Establishment Sunderland.

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LAW firm Turner Parkinson advised Wirral healthcare solutions provider Westco Medical on a venture capital investment by the North West Fund for Biomedical.

Founded in 2009, Westco has developed and patented medical technology used in nasal tube feeding

Corporate partner James Sheridan and Nicky Davies from the Manchester firm advised on the deal.