Kings Park Capital, the private equity backer of Abokado and Fuel Juice Bars, is to back the expansion of 7Bone Burger Co, after taking a significant stake in the south coast-based concept, which featured on the new BBC Two programme, The Restaurant Man.
7Bone, which was launched by Matt Mollicone and Rich Zammit in Southampton in 2013, has a pipeline of six additional sites, including a mooted opening in Reading.
As part of Kings Park’s investment, Derek Woodcock, formerly finance director at Nando’s, will joining the company’s board as a non-executive director.
The concept, which also operates a site in Bournemouth, said it differentiates itself from traditional fast casual operators through its “proven ability to operate out of smaller footprint units in secondary and tertiary locations”.
Mollicone and Zammit said: “We are delighted to have secured investment from Kings Park Capital and look forward to taking 7Bone across the country with their assistance.” Jamie Tillman, partner at KPC, said: “We are excited to be partnering with Matt and Rich, and backing their vision for 7Bone’s expansion. We look forward to working with them and Derek to create the leading ‘better burger’ brand in the UK.”