Piper acquires stake in Loungers

Piper, the private equity group, which formerly backed Pitcher & Piano and Las Iguanas, has taken a significant minority stake in Loungers, the fast-growing cafe/bar restaurant group led by Alex Reilley, M&C Report has learnt.Piper is to invest £16m into Loungers, which was founded in 2002 by Reilley, Jake Bishop ...