Patty & Bun, the fledgling burger concept, has secured a further site in central London and £2m in growth funding, MCA understands.
The Joe Grossman-led brand, which will open its fifth site in Redchurch Street next month, is understood to have lined up the Fraq’s Lobster Shack unit in Goodge Street for a further opening this year.
At the same time, it is understood that New World Private Equity, which is led by Nigel Berger, led the growth funding round for the concept to aid its next stage of growth.
Berger joined Patty & Bun as a director near the end of last year along with long-serving Harris and Trotter partner and M&A specialist Stephen Garbutta.
The company, which opened in Old Compton Street in March, will open a 805sq ft split level site at 36 Redchurch Street.
Grossman told MCA earlier this spring that the Redchurch site would have a 2am late licence, a private room downstairs hireable with a one-man bar and a DJ for around 15 guests and a stripped back version of the main Patty menu.
His aim is to do seven or eight ‘gems’ in London, each with a completely different personality.
Shelley Sandzer acted on the Old Compton Street, Redchurch Street and Goodge Street deals.