Stevens & Bolton LLP has advised Frame and its shareholders on a recent investment by private equity firm Piper.
Frame is a boutique fitness studio business founded by Pip Black and Joan Murphy in 2009, presently operating four sites in London (Shoreditch, King’s Cross, Victoria and Queen’s Park) with two further sites opening shortly in Hammersmith and Soho. The investment from Piper provides Frame with financing to fund its expansion further across London and nationwide.
Joan Murphy, director of Frame commented: “We are hugely excited about growing our unique and special brand, allowing more customers to enjoy getting and staying fit and healthy.”
Nick Atkins, corporate partner at Stevens & Bolton commented, “It was a pleasure working with Pip and Joan and their team and seeing Frame take the next step in its journey. It’s exciting to see the opportunities ahead for Frame to expand its brand.”
The Stevens & Bolton team was led by corporate partners Keith Syson and Nick Atkins, supported by James Stenning and Grace McNulty-Brown (corporate), Matthew Padian (finance), Ian Craig and Alice Donzelot (real estate), Shaun Hogan (employment), Gabrielle Holgate and Kate Fellows-Tully (pensions) and Jamie Crawford (corporate tax). Tamweel Capital, a private equity-focused investment and advisory boutique, provided corporate finance advice to Frame.