All Finance articles – Page 74
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Restructuring activity set to decrease in 2014
Three quarters (76%) of banking institutions, asset-based lenders and alternative lenders expect to see no change (24%) or a fall (52%) in levels of restructuring activity this year, according to research from Deloitte
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NWTC secures new funding for expansion
The New World Trading Company (NWTC), the Living Ventures and Hill Capital backed business, plans to accelerate its roll out plans and more than double its estate this year after securing a new bank facility of £2.2m from Lloyds Banking Group
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Upham sets fundraising timetable
Hampshire-based Upham Pub Company hopes to complete its latest £15m fundraising drive in July, company co-founder David Butcher has told M&C Report
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Bianco43 agrees hotel group tie-in
Bianco43, the Italian restaurant group, has reached an agreement that could see its restaurants open in sites operated by American boutique hotel group Club Quarters in London, and potentially the US, co-owner Massimo Parodi has told M&C Report
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Arc Inspirations eyes funding options; names first FD
Arc Inspirations, the 10-strong Yorkshire bar operator, is seeking private equity investment as it announces the appointment of its first finance director, managing director Martin Wolstencroft has told M&C Report
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Better burger firm launches fundraising bid
Perthshire-based Artisan Burger Company, which is seeking £240,000 via Crowdcube, plans to open four restaurants within a two year period and also expand via franchise
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Whitbread extends bank facilities
Whitbread, the leisure group, has extended its existing £650m syndicated bank facility, extending its maturity by two years to 4 November 2018 and introducing an option to extend it by a further two years beyond that date
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Tragus to undergo debt restructure
Tragus, the Café Rouge, Bella Italia and Strada operator, is understood to be preparing to undergo a debt-for-equity swap under a proposed restructuring of its estimated £240m debt, according to The Times
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Priestley joins Electra Partners
Bill Priestley, the former managing director of LGV Capital, backer of Amber Taverns, Liberation Group and Novus Leisure, is to join investment firm Electra Partners as a partner
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Cadwalader eyes growth after new finance package
Cadwalader Ice Cream, the Welsh ice cream parlour-meets-cafe operator, has announced plans to open four new cafes during 2014 and upgrade existing sites after securing a £750,000 finance package from HSBC
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Johnson acquires stake in stockbroker
Serial sector investor Luke Johnson has invested c.£1.4m in buying a 9.75% stake in the small stockbroker Arden Partners, raising speculation that he would look at listing some of the companies he has backed
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C&C Group reports tough cider market
Drinks company C&C Group has reported that trading for its UK cider business remains “challenging”, with volumes down 13.5% in the nine months to November 2013
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M&G eyes more sector investments
M&G Investments, the investment fund that recently leant money to Hall & Woodhouse and Caffe Nero, expects to make more investments in the leisure and hospitality sector through its new fund, M&C Report has learnt.
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Hall & Woodhouse secures £20m loan
Hall & Woodhouse, the Dorset-based brewer and pub operator, has secured a £20m, three year loan from M&G Investments to help it acquire and and invest in new pubs
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EQT plans SSP listing
EQT Partners, the private equity firm behind SSP, is accessing its options for the leading travel concessions operator, with the group tipped for a flotation on the London Stock Exchange toward the second half of this year
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NatWest/RBS launch £250m storm fund
NatWest and RBS have launched a £250m UK Storm Business Fund to provide short term, interest free financing to speed recovery for businesses affected by recent floods and gales
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West Berkshire Brewery launches share offer
West Berkshire Brewery (WBB), the independent brewer, which is chaired by brewing and pub entrepreneur David Bruce, is to launch a share offer in the New Year
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BrewDog reaches £4.25m fundraising target
BrewDog, the Scottish brewer and pub operator, has reached the £4.25m target that the company set for its latest fundraising drive.
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Imbiba looks to raise £6m
Imbiba Partnership is looking to raise £6m from its latest round of fundraising as it looks to add further sites to its Darwin & Wallace (D&W) and Camm & Hooper (C&H) vehicles
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La Tasca secures new funding
La Tasca is understood to have completed a restructure that will see its existing backers invest additional funds to aid further investment in its current c50-strong estate and back an accelerated acquisition programme