NBGI acquires restaurant and bar brands

NBGI Private Equity has backed the buyout of selected assets from Food and Drink Group, a bar and restaurant company that owns the Jamies wine bar and Henry J Beans brands.

NBGI PE is backing Nick Tamblyn, an experienced operator in this sector, who joins as chief executive.

NBGI has acquired a portfolio of 17 branded and unbranded managed sites with a focus on London, along with 17 franchise sites under the Henry J Beans brand – including two within Hilton Hotels and 15 international sites.

A team from Pragma Consulting, led by chief executive Roy Palmer provided commercial due diligence for the deal. This included a site evaluation model and customer and competitor research.

Mark Owen, director of NBGI, said: “The acquisition provides us with an excellent platform from which to expand the group through the addition of other high quality sites in the future.”

The acquisition, according to NBGI, provides a strong platform from which to seek further high quality acquisitions in this sector.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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