M&A Deal Summary

The Restaurant Group Acquires Living Ventures

On April 1, 2005, The Restaurant Group acquired restaurant Living Ventures from Bowmark Capital for 26M GBP

Acquisition Highlights
  • This is The Restaurant Group’s 1st transaction in the Restaurants sector.
  • This is The Restaurant Group’s 2nd largest (disclosed) transaction.
  • This is The Restaurant Group’s 1st transaction in the United Kingdom.
Investment Fate
  • Living Ventures was divested to a consortium of strategic buyers in 2013.

M&A Deal Summary

Date 2005-04-01
Target Living Ventures
Sector Restaurants
Buyer(s) The Restaurant Group
Sellers(s) Bowmark Capital
Deal Type Add-on Acquisition
Deal Value 26M GBP

Target

Living Ventures

Cheshire, United Kingdom
website
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.

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Buyer(S) 1

Buyer

The Restaurant Group

London, United Kingdom

website


Category Company
Founded 1954
Sector Restaurants
Employees14,000
Revenue 883M GBP (2022)
DESCRIPTION

The Restaurant Group plc is a British chain of restaurants and public houses. The Restaurant Group was founded in 1954 and is based in London, the United Kingdom.


DEAL STATS #
Overall 1 of 3
Sector (Restaurants) 1 of 3
Type (Add-on Acquisition) 1 of 3
Country (United Kingdom) 1 of 3
Year (2005) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-12 Living Ventures

Cheshire, United Kingdom

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.

Sell -

Seller(S) 1

SELLER

Bowmark Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Bowmark Capital is a private equity firm that targets investments in smaller, growth-oriented companies based in the UK. Bowmark considers investments across a range of industries with a strong interest in Business & Financial Services, Consumer & Leisure, Education & Training, Healthcare, Media, and Technology. Bowmark funds individual equity investments of up to £100 million and focuses on investing in UK companies which are valued between £50 million and £250 million. Bowmark was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 26
Sector (Restaurants) 1 of 2
Type (Add-on Acquisition) 1 of 6
Country (United Kingdom) 1 of 24
Year (2005) 1 of 3
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-07 STS Travel Group

Brighton, United Kingdom

STS specialises in three areas of the school travel market: ski trips, educational tours and adventure and activity trips. The business provides these services to over 55,000 students per year from over 1,000 schools in the UK and is the market leader in the provision of teacher-supervised school ski-trips to Europe and North America. EAT was created through the merger of the School Travel Group (STG) and Kingswood Educational Group (Kingswood) in October 2007.

Buy £16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-05 RDF Media Group

London, United Kingdom

RDF Media Group PLC is one of the UK’s leading independent television production companies, producing programmes such as Wife Swap, Faking It, Dream Holiday Home and Scrapheap Challenge. Recently, RDF’s performance and prospects have been enhanced through implementation of the 2003 Communications Act, reinforcing the transfer of programme rights’ value from broadcasters to production companies. Zodiak Media was created in June 2010 following the acquisition of the RDF Media Group, one of the UK’s largest independent production and distribution companies with operations in the UK and the US.

Sell -