Announced
Completed
Financials
Tags
Private
Recreational Products
leisure facilities
Majority
Single Bidder
United Kingdom
Cross Border
Friendly
Acquisition
Completed
Private Equity
Synopsis
Artfarm, an independent hospitality and development company, completed the acquisition of Groucho Club, an operator of private membership club, from investment firms Alcuin Capital, ICG Enterprise Trust and Isfield Investments. Financial terms were not disclosed. "I am delighted that we have reached agreement with Artfarm, who are the perfect owners for the Groucho. Their mix of cultural engagement, pedigree in art and excellence in hospitality sits very well with the particular spirit of a members club that has been an important part of London's cultural life for many years," Nick Hurrell, The Groucho Club Chairman.
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