Announced
Financials
Sources
Tags
Restaurants and Bars
United Kingdom
Private Equity
Acquisition
coctail bar chain
Private
Synopsis
TDR Capital-backed Stonegate Pub Company, a British pub company with 660 pubs and bars, acquired Be At One, the UK-based cocktail bar chain, from Piper Private Equity. Financial terms were not disclosed. Simon Longbottom, Chief Executive of Stonegate, commented: “These are both excellent acquisitions for Stonegate which are right in our sweet-spot. Be At One is a business we know well and have admired for some time. This acquisition is a great cultural fit with our existing portfolio and Be At One’s strong association with the delivery of premium cocktails in high street locations, capitalising on the growing trend of premiumisation, further consolidates Stonegate’s leading position in this market segment. We see excellent potential to continue to grow the business, investing in the brand and its people and look forward to learning from Be At One’s legendary cocktail theatre and market-leading customer service skills"
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