Lion Capital completed the acquisition of Loungers Holdings for £137m. Loungers is a fast-growing UK chain of informal, all-day, neighbourhood café-bars, founded in Bristol in 2002 by a trio of longstanding friends, Alex Reilley, Jake Bishop and Dave Reid. “We have admired Loungers for several years as one of the most distinctive and scalable foodservice propositions in the UK. Its casual, all-day offering is well-aligned with consumer trends and has been proven to trade successfully in an extraordinarily diverse range of locations. Alex, Jake, Nick and their team have built a first-class business with a wonderful culture. We are tremendously excited to partner with them for the next phase of the company’s development,” James Cocker, Lion Capital Partner.