Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Nightcap announces £2.5m Adventure Bar acquisition

Nightcap announces £2.5m Adventure Bar acquisition

Tue, 04 May 2021 | BUSINESS SALE



Nightcap has announced the acquisition of the Adventure Bar Group for a maximum consideration of £2.5 million. The acquisition will see Nightcap pay £1 million upon completion of the deal, with an additional £1.5 million available in deferred considerations, which will depend on financial performance.

Following the acquisition, Nightcap plans to expand Adventure Bar Group’s estate from its current nine locations to up to 40 sites across the UK. The expansion will be funded by a share placing which will aim to raise around £4 million.

The acquisition is Nightcap’s second, after it took over London Cocktail Club (LCC) in January. Nightcap is similarly looking to expand LCC from 10 UK sites to around 40, via a share holding designed to raise up to £6 million.

Adventure Bar Group includes the bars Bar Elba, Tonight Josephine, Luna Springs and Blame Gloria. In addition to its nine locations, the group also has a pipeline of further sites.

Nightcap Chief Executive Sarah Willingham commented: "The further expansion of Adventure Bar Group will take place during a time where the opportunity to acquire first class property at attractive rates is unmatched by anything I have seen during my 25 years in hospitality.”

"The acquisition furthermore expands the opportunity to take on different types of property, particularly with the Bar Elba and Luna Springs concepts trading as large outdoor venues, benefitting significantly when trade is restricted indoors and during the summer period.”

"In addition, this acquisition will provide Nightcap with opportunities for purchasing synergies across the enlarged group and allow us to benefit from bringing new areas of excellence onboard, and I could not be more delighted to welcome Adventure Bar Group to the Nightcap family."

Adventure Bar Group Chief Executive Thomas Kidd added: “We have been looking at growth funding options for some time and this is the perfect outcome for us; the experience and knowledge of the senior Nightcap team will be a huge asset to the business as we look to scale and to share our brands like Tonight Josephine with more people around the UK."


Read more about the growing M&A activity in the UK's pub and bar sector.

Find out how structures such as deferred considerations can help to bridge valuation gaps.

Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Piri Piri Grilled Chicken Restaurant
West Midlands, UK

The business benefits from its location on the edge of a new food court with a complete building refit including a newly fitted restaurant, fixtures, fittings and equipment costing an estimate of around £400,000! There is a state-of-the-art kitchen a...

Asking Price: Offers Invited
Turnover: £416,000

LEASEHOLD


Supplier of Food Servery Counters and Catering Equipment
UK Wide

Supplies food servery counters and restaurant and catering equipment for clients throughout the UK. Prides itself on providing a professional, flexible and cost-efficient service at every stage of the process, from initial project design through to c...

Asking Price: Offers Invited
Turnover: £2,500,000

LEASEHOLD


Pub & Restaurant
East Midlands, UK

This is a unique opportunity to acquire a highly popular pub and restaurant, which has an ideal location in Northamptonshire.

Asking Price: Offers Invited
Turnover: £456,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
16
 
May
 

Manx Financial Group to acquire Payment Assist in potential £9m deal | BUSINESS SALE

Manx Financial Group Plc has announced the acquisition of Pa...

 
13
 
May
 

Assets set to be sold as modular housing joint venture enters administration | ADMINISTRATION

The US House Group modular housing joint venture has fallen ...

 
12
 
May
 

Bathroom panel firm acquired for up to 9.1x EBITDA | BUSINESS SALE

Bathroom and kitchen products firm Norcros has agreed a deal...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.