Dirty Martini’s assets acquired by Nightcap PLC
DC Bars Limited, the operator of the ‘Dirty Martini’ chain of cocktail bars and Tuttons Brasserie Limited, has sold certain assets of Dirty Martini to Nightcap PLC for a consideration of up to US$6.4 million (US$5.7 million in cash on completion and a further US$0.7 million payable based on certain conditions being met). The acquisition is being undertaken as part of a pre-pack administration process by the companies.
Dirty Martini are stylish cocktail bars with venues across London, Birmingham, Cardiff, Leeds and Manchester.
Nightcap is a company engaged in the operation of bars and drinks-led hospitality concepts in the UK.
Oaklins Cavendish, based in the UK, advised on the asset purchase agreement to acquire certain of the assets of DC Bars Limited, the operator of the ‘Dirty Martini’ chain of cocktail bars, and Tuttons Brasserie Limited.
Contacter l'équipe de la transaction
Amy Mayer
Oaklins Cavendish
Transactions connexes
Piper PE and Cool Japan Fund have backed a management buy-out of Inside Travel Group
Inside Travel Group (ITG) has been sold to Piper PE and Cool Japan Fund. This acquisition aligns with ITG’s goal of becoming the leading specialist in tailor-made and group tours across Asia. Piper PE and Cool Japan Fund will continue to support ITG’s founders and management team, driving the business’ growth in Japan and other Asian destinations.
En apprendre plusThe family office Peter Möhrle Holding has sold GROFA Group to DARFON Electronics Corp.
Peter Möhrle Holding GmbH & Co. KG has successfully completed the sale of GROFA Group to DARFON Electronics Corp.
En apprendre plusBluegem Capital Partners and AREV Partners have acquired 100% of Groupe Pinard
Bluegem Capital Partners and AREV Partners have successfully completed the acquisition of the prestigious Groupe Pinard from IK Partners.
En apprendre plus