M&A Deal Summary

Stage Capital Acquires Kornicis Group

On December 16, 2008, private equity firm Stage Capital acquired restaurant Kornicis Group

Acquisition Highlights
  • This is Stage Capital’s 1st transaction in the Restaurants sector.
  • This is Stage Capital’s 11th transaction in the United Kingdom.

M&A Deal Summary
Date 2008-12-16
Target Kornicis Group
Sector Restaurants
Buyer(s) Stage Capital
Deal Type Special Situations/Distressed

Target

Kornicis Group

Chelsea, United Kingdom
website
The new company, Kornicis Group Ltd, includes 8 sites under the Jamies and Henry J Beans brands and 9 unbranded sites, as well as 17 Henry J Beans franchise sites in the UK and worldwide. Kornicis owns and operates 17 bars and restaurants with a geographic focus on London.

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Buyer(S) 1

Buyer

Stage Capital

London, United Kingdom

Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 900M EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Stage Capital is a private equity firm that seeks investments in middle-market businesses operating in traditional industries serving as the 'backbone' of the economy. The Firm focuses its investment activity across the UK and Europe and looks for opportunities valued between €10 and €15 million where Stage Capital can invest €5 to €25 million. Stage Capital will not invest in start-ups or early stage companies. Stage Capital was formed in 2000 and is based in London with additional offices in Paris and Istanbul.

DEAL STATS #
Overall 14 of 35
Sector (Restaurants) 1 of 1
Type (Special Situations/Distressed) 1 of 1
Country (United Kingdom) 11 of 21
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 Hamworthy Heating

Poole, Dorset, United Kingdom

Hamworthy is a well established and respected brand in the UK commercial boiler market with a reputation for reliability and robustness of its products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-01 Quanta Dialysis Technologies

Warwick, United Kingdom

Quanta Dialysis Technologies is focused on the commercialization and development of SC+, an innovative cartridge-based haemodialysis system. SC+ allows the full range of haemodialysis regimes, from short daily to nocturnal, in-centre and at home, allowing dialysis patients to maintain active lives by adapting their treatment regime to their schedule and needs. Quanta Dialysis Technologies was formed in 2008 and is based in Warwick, United Kingdom.

Buy -
Mergr

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