All Finance articles – Page 86
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News
Essenden undertakes debt for equity swap
Creditors of Essenden, the Nick Basing-led operator of the Tenpin bowling brand, have voted overwhelmingly in favour of its plan to undertake a debt for equity swap to prepare the business for acquisitions
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NewsJoseph Holt agrees £20m refinancing deal
Joseph Holt is set to embark on an expansion drive focused on food-led sites, after agreeing a £20m refinancing deal with the Royal Bank of Scotland
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News
Downing set for further £20m fundraising
Downing LLP has closed its latest round of fundraising with a total of £18.6m raised and is set to launch a new fund soon which will target raising a further £20m
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News
Tourism spend grows 12.7% in UK
Visitor spending in 2013 rose 12.7% across England, Wales, and Scotland with visitors injecting £21bn into the UK economy
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NewsAB InBev Q1 UK volumes grow 0.6%
AB InBev, the global brewer, has reported a 0.6% rise in UK volumes in the first quarter of 2014
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News
Cirrus raises £15m expansion fund
Cirrus Inns, the investment vehicle launched to back a premium estate of freehold pubs with rooms, has raised a further £15m toward its continued expansion
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Analysis & Insight
Early funds catch concepts’ eyes
Nick Crosbie, corporate partner in international law firm Olswang LLP’s leisure group, looks at a few of the common funding models for the more early-stage concepts seeking investments
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NewsBenito’s Hat secures new CEO and funding
Benito’s Hat has appointed a Richard Baker, formerly of The Restaurant Group as its new chief executive and plans to further strengthen its estate this year following an additional investment of £1.3m
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News
Brewhouse & Kitchen extends funding call
Brewhouse & Kitchen, the Enterprise Investment Scheme (EIS) venture led by ex-Convivial Pubs chief executive Kris Gumbrell, has extended its latest fundraising call to 16 May
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News
SMEs support transparency in lending
Fleximize, an alternative finance company, has published research stating that 65% of SMEs believe banks should be forced to provide details of SMEs they have rejected for funding to alternative lenders
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OpinionThe IPO trailblazer
Six months ago, Eclectic Bar Group became the first pub, bar or restaurant operator to float on the stock market since Capital Pub Company in 2007. John Harrington gets the inside track from chief executive Reuben Harley and chief financial officer John Smith
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News
Vital appoints advisors as it considers funding options
Vital Ingredient, the London-based tossed salad-to-go concept, has appointed advisors as it seeks to secure private equity funding to aid its next stage of development
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News
Imbiba extends latest fundraising round
Imbiba Partnership has extended its latest round of fundraising by another month as it looks to add further sites to its Darwin & Wallace (D&W) and Camm & Hooper (C&H) vehicles
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NewsPatisserie Holdings sets outs growth strategy
As part of its intention to float on AIM, Patisserie Holdings gave an update on its future growth strategy and said it had identified over 250 further potential sites in the UK with similar characteristics to those currently trading under its brands
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NewsPatisserie Holdings plans IPO
Patisserie Holdings, the parent company of the Patisserie Valerie chain, has announces plans to proceed with an initial public offering and said it has identified a further 250 potential new UK sites
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OpinionTo invest or not to invest...
Private equity has provided the finance for most growth concepts on the UK’s pubs and restaurants scene. So what makes a great private-equity investment? Electra Partners’ Bill Priestley gives his view
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News
Essenden reveals debt for equity swap details
Essenden, the Nick Basing-led operator of the Tenpin bowling brand, has issued details of its plan to undertake a debt for equity swap to prepare the business for acquisitions
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News
Liberis allocates £30m in lending for sector
Alternative finance provider Liberis, which is chaired by former Punch Taverns COO Adrian Fawcett, is allocating £30m of new lending for the hospitality sector
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Analysis & InsightSector lfls grew 4.6% in March
Like-for-like sales grew 4.6% in March across 27 leading pub and restaurant groups compared to the same period last year and ending a year of positive growth
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News
HSBC pledges £6bn for SMEs
HSBC has set up a £6bn lending fund for small and medium sized businesses in the UK in the form of 52 local funds as it predicts a turning point for British businesses in its latest market report titled Business of Growth