London bar restaurant, Wright & Bell has confirmed the purchase of Kingly Court bar restaurant, Whyte & Brown with support fromAn alternative finance.
The two-storey restaurant, situated off London’s popular Carnaby Street, was originally launched in 2013 and has since traded strongly in Kingly Court. With a focus on contemporary, food, driven by Wright & Bell’s award-winning chef Richard Falk (former head chef at The Diary, ex-Gordon Ramsey Restaurants and D&D), the team plans to evolve the Kingly Court site, while eyeing further expansion in new sites in Central London.
Working closely with Wright and Bell and its parent owner Imbiba,Alternative finance provider ThinCats?backed the business to complete the transaction. Through a flexible loan, Wright and Bell were able to finance the acquisition and source additional working capital to continue growing the business from the onset.
According to Dave Sherrington, London and South East business originator at”ThinCats, sector experience and a strong track record in the market is what drew him to this deal.
Location is everything when it comes to the sector, says Sarah Clark, managing director of Wright & Bell. “Kingly Court is an extremely popular and vibrant destination in central London and presents us with an excellent growth opportunity,” she says.
“We are excited to be acquiring The White and Brown industry is such a thriving location. We look forward to evolving the offer and have a progressive vision of how this can sit within our portfolio and the current market place.
The Group already operate the Kitty Hawk and The Backroom Bar at South Place, Moorgate and are continuing to grow their presence across the London market.