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.
Sprechen Sie mit dem Deal Team
Transaktionen
AYANDA CAPITAL has added a new investor to its shareholding
A new investor, Thierry Jacobs, has joined AYANDA CAPITAL S.L.’s shareholding with a minority stake.
Mehr erfahrenGoldlight has been acquired by Grenardi Group
AS Grenardi Group, the largest Baltic jewelry retailer, has acquired Goldlight.
Mehr erfahrenNuzoa has acquired Dinazoo
Spanish private equity-backed Nuzoa, a prominent animal health distributor in Spain, has acquired Dinazoo. This acquisition marks one of the first steps in Nuzoa’s international expansion. It will strengthen Nuzoa’s relationships with key clients who also operate in the Portuguese market, along with its suppliers. This agreement will enhance both companies’ presence in the Portuguese market by gaining access to more advanced technology and expanding their portfolio in key areas of the business.
Mehr erfahren