A McCarter team represents premium coffeehouse brand Caffè Nero in acquiring substantially all the assets and locations of Washington, DC-based coffee chain Compass Coffee after Compass filed bankruptcy in January. The DC bankruptcy court recently approved Caffè Nero’s winning bid of $4.75 million proposed through a chapter 11 auction of the debtor’s assets. The transaction establishes Caffè Nero in the DC market and strengthens its strategic expansion across the Northeast region.
The McCarter team was led by partners Michael MacClary, Jeffrey Testa, and Theodore Grannatt and included associate Scott Seger.
Read more about the acquisition from The Washington Post.