M&A Deal Summary

Palatine Private Equity Acquires Alchemist Bar & Restaurant

On May 17, 2015, private equity firm Palatine Private Equity acquired restaurant Alchemist Bar & Restaurant from Living Ventures for 13M GBP

Acquisition Highlights
  • This is Palatine Private Equity’s 2nd transaction in the Restaurants sector.
  • This is Palatine Private Equity’s 7th largest (disclosed) transaction.
  • This is Palatine Private Equity’s 19th transaction in the United Kingdom.

M&A Deal Summary

Date 2015-05-17
Target Alchemist Bar & Restaurant
Sector Restaurants
Buyer(s) Palatine Private Equity
Sellers(s) Living Ventures
Deal Type Divestiture
Deal Value 13M GBP

Target

Alchemist Bar & Restaurant

Handforth, United Kingdom
Alchemist Bar & Restaurant is an experiential cocktail-led casual dining offering with a strong brand presence and reputation for quality. Alchemist Bar & Restaurant was established in 2010 and is based in Handforth, United Kingdom.

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Buyer(S) 1

Buyer

Palatine Private Equity

Manchester, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 570M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palatine Private Equity is a UK based private equity firm focused on investing in businesses valued up to £50 million. The Firm generally looks to fund profitable, cash-generative companies with strong management teams and established market positions, however, Palatine will also consider turnaround situations. Target sectors include retail/leisure, business outsourcing, financial services, healthcare, and niche manufacturing. Prospective transaction types include management buyouts/buy-ins, consolidations, growth capital financings, and restructurings. Palatine was originally formed as Zeus Private Equity in 2005. The Firm has offices in Bristol, Manchester, and London.


DEAL STATS #
Overall 19 of 52
Sector (Restaurants) 2 of 2
Type (Divestiture) 2 of 2
Country (United Kingdom) 19 of 52
Year (2015) 4 of 5
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 WHP Telecoms

Warrington, United Kingdom

WHP Telecoms is a UK mobile telecoms professional services provider. WHP Telecoms’ consultancy-led offering provides end-to-end solutions, including planning, design, acquisition, deployment, upgrade and maintenance of mobile network masts, antennae and base stations for the wireless telecommunications sector. WHP Telecoms was established in 1988 and is based in Warrington, United Kingdom.

Buy £38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-12 Wealth at Work

Liverpool, United Kingdom

Wealth at Work provides services that allow employees to maximize the value of their benefits by providing financial education tailored to the needs of individual employers and of different employee groups within these companies. Wealth at Work was formed in 2004 and is based in Liverpool, United Kingdom.

Sell $50M

Seller(S) 1

SELLER

Living Ventures

Cheshire, United Kingdom

Category Company
Founded 1999
Sector Restaurants
DESCRIPTION

Living Ventures is a operator of The Living Room bar and restaurant chain, a casual dining restaurant and bar which provides a high quality product combined with superior service to a broad customer base.


DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1