All Finance articles – Page 66
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News
Imbiba seeks EIS investment in London events business
Imbiba is seeking management buy-in EIS investments for “a successful events and catering business with an estate of 14 unique and high quality event venues
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News
Pubco shares drop in wake of pubs code announcement
Enterprise Inns and Punch Taverns saw their share prices plummet in reaction to the news that a market rent only option would be included in the pubs code.
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News
New sector focused fund launched
A new small cap private equity fund has been launched, which is seeking to raise £10m to invest in businesses operating in the consumer goods and leisure sectors
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NewsTortilla secures new £11m banking facility
Tortilla, the fast-casual Mexican restaurant group, has secured just over £11m in new bank financing from Santander Corporate Banking, which will allow it to open a further 25 sites
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NewsLeisure sector underperforms wider market
The M&C20 slightly underperformed the market, in what was one of the less eventful weeks in the leisure sector for some time. The M&C20 was down 0.2% over the week to 1,222 points while the Allshare was up 0.4% to 1,031 points
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News
VQ eyes expansion after securing new funding
VQ, the 24-hour restaurant and bar concept, is set to go on the expansion trail after securing new investment from Richard Northcott, chairman of Theo Fennell
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News
Heartstone Inns eyes IPO
Heartstone Inns is currently talking to investors regarding a possible IPO, which would value the nine-strong company at c£13m
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Opinion
Analyst corner: Mark Brumby on leisure sector IPOs
Leading analyst Mark Brumby at Langton Capital takes a look at the appetite for going public and ask whether “take privates and IPOs are two sides of the same coin?”.
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NewsBid activity holds back M&C20
The M&C20 was held back by bid activity this week, underperforming the wider market, growing 0.3% to 1,225 points while the AllShare Index was 1% higher, rising 10 points to 1,028, says Will Brumby of Langton Capital
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News
Calculus launches new fund
Calculus Capital, the private equity backer of Benito’s Hat and Chop’d, has launched its latest round of fundraising, as it looks to raise £25m
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News
Taylor St Baristas to raise £3m through “Coffee Bond”
Taylor St Baristas is hoping to raise £3m through the UK’s first crowd-sourced “Coffee Bond”
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News
Ramsay explores sale of stake in restaurant business
High-profile chef Gordon Ramsay is lining up a sale of a 50% stake in his restaurant business, which could value it at up to £80m
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OpinionHabit forming
As the UK economy continues to recover from the post-financial crisis recession, consumer confidence has picked up, supporting discretionary spending on leisure activities, including dining out, says Rupesh Patel of Grant Thornton UK LLP, which has published new report called Come Dine With Us. Alongside this cyclical trend, structural changes in consumers’ eating habits are also reshaping the bars, restaurants and casual dining industry and are driving sector transaction activity.
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News
BGF circles Comptoir Libanais
The Business Growth Fund (BGF) is believed to have re-entered talks to invest in Comptoir Libanais, the Lebanese fast-casual restaurant concept
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News
Simmonds seeks funding for London restaurant
Chef Adam Simmonds is seeking to raise £1.1m through the Enterprise Investment Scheme (EIS) to open his first solo restaurant in central London
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News
Grub Club raises more than £100k through Crowdcube
Grub Club, the service that hosts supper clubs and dining concepts at pop-up locations, has raised 41% of its £250,000 investment target, from 89 investors via Crowdcube
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News
Honest Burgers strengthens pipeline
Honest Burgers has received approaches from up to 15 investment firms, regarding funding its next stage of development
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News
Mezze’s future secured after parent company goes into liquidation
The future of Mezze has been secured despite its former parent company going into liquidation with £900k worth of debt
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NewsArc Inspirations secures new funding
Arc Inspirations, the Leeds-based bar operator, has secured £3m of new funding as its looks to open 20 venues by 2017
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Analysis & InsightIs crowdfunding just equity for punks?
Judging from the number of businesses which have jumped on its bandwagon to raise capital for growth, it’s clear that crowdfunding is – at the moment – as hot as pulled pork, says Paul Hemming, partner and head of Corporate Finance at Zolfo Cooper