All Finance articles – Page 76
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Kings Park takes £10m stake in Inn Collection
Kings Park Capital, the leisure sector investment fund, has acquired a majority stake in Inn Collection for £10m and says it plans to add more sites to the northern England-based pubs-with-rooms operator
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Adobo set for growth
Adobo, the fledging Mexican concept led by Mark Walker and Craig Fraser, is to go on the expansion trail after securing new investment, M&C Report understands
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Virgin Wines team completes £15.9m MBO
A £15.9m management buyout of wine retailer Virgin Wines has been completed with finance from Mobeus Equity Partners and Connection Capital
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NewsEAT set for next stage growth
EAT, the Lyceum Capital-backed chain, is set to embark on its next stage of development after it is believed to have agreed a new bank facility that has freed up a further £10m-£15m of funds
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NewsBrewDog to accelerate bar openings
BrewDog, the Scottish brewer and pub operator, plans to accelerate its bar openings programme after announcing plans to extend its latest fund-raising drive, and is targeting five openings in 2014, co-founder James Watt has told M&C Report.
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Everyman Cinema raises £8.1m on AIM debut
Everyman Cinema, the London-based cinema chain whose shareholders include Ask founders Adam and Sam Kaye, raised £8.1m when it floated on the Alternative Investment Market (AIM) yesterday
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NewsBrewDog extends latest fundraising after “epic” response
BrewDog, the Scottish brewer and pub operator, has extended the limit set for its crowdfunding scheme, Equity for Punks, after an “epic response” to thefundraising so far
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Darwin & Wallace closes in on second site
Imbiba Partnership, the investment vehicle led by John Connell, is closing on a second site for its fledgling Darwin & Wallace (D&W) format, as it gears up to launch its third round of fundraising
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NewsJDW secures £100m expansion fund
JD Wetherspoon has secured an extra £100m facility for its expansion plan, chairman Tim Martin has told M&C Report
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NewsPunch gears up for restructuring
Punch Taverns has said it will announce a revised restructuring proposal during the first week of December 2013 with the broadest level of support achievable at that time and will then formally launch the implementation of that restructuring proposal shortly thereafter
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NewsSpirit completes refinancing
Spirit Pub Company has announced the results of its debt re-profiling, achieving its desired target of securing participating levels of 70% for A1 bondholders and 50% for A3 bondholders, which should free up c£53m of cash for expansion
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Friska receives funding boost
Friska, the Bristol-based healthy fast-casual restaurant chain, plans to open an additional three sites over the next two years, after securing new funding
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Leisure sector gears up for IPOs
The first significant moves in what is expected to be a return of IPO action in the leisure sector were made yesterday, with Merlin Entertainments valued at between £2.8bn and £3.3bn for its upcoming flotation and Everyman Cinema at £30m
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Imbiba to launch third fund
Imbiba, the investment vehicle led by John Connell, is set to launch its third London Bar and Restaurant EIS Fund, after raising £4.5m through its fundraising round
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Eclectic plans IPO
Eclectic Bars, the Avanti Capital-backed bar and club operator led by Reuben Harley, is preparing a £20m float on the Alternative Investment Market (AIM), which if successful would make it the first pub or bar business to float since Capital Pub Company in 2007
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NewsSmall cap gains boost M&C20
A second consecutive week of share price gains for leisure sector PLCs helped push the M&C20 index up 1.0% to 1,164. But it wasn’t enough to outperform the FTSE all-share, which grew 1.7% to a new high of 1,041
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Tighter controls on crowdfunding expected
Tighter regulations on the crowdfunding and peer-to-peer lending industry are set to be announced today, according to The Independent
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Lending to businesses reaches four-year high
Lending to businesses grew at the fastest rate in four years last month, fuelling hopes that government schemes may finally be starting to gain significant traction
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Investors target food operators at c£30m auction
Commercial property investors showed a particular appetite for food outlets at the Acuitus October auction, which saw a total of £29.08m of assets being sold
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Private equity refinance loans hit record rate
Private equity firms are tapping debt markets at a record rate to refinance the companies they own as an alternative to selling them, according to new figures from Standard & Poor