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  5. Bowmark Capital Acquires Drake & Morgan

M&A Deal Summary

Bowmark Capital Acquires Drake & Morgan

On April 22, 2013, private equity firm Bowmark Capital acquired restaurant Drake & Morgan for 30M GBP

Acquisition Highlights
  • This is Bowmark Capital’s 3rd transaction in the Restaurants sector.
  • This is Bowmark Capital’s 6th largest (disclosed) transaction.
  • This is Bowmark Capital’s 22nd transaction in the United Kingdom.

M&A Deal Summary
Date 2013-04-22
Target Drake & Morgan
Sector Restaurants
Buyer(s) Bowmark Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 30M GBP
Advisor(s) PwC Corporate Finance (Financial)

Target

Drake & Morgan

London, United Kingdom
Drake & Morgan is an innovative bar-restaurant chain combining a stylish and accessible environment with unique all-day food and drinks offering. All dishes use seasonal, locally sourced ingredients, and there are over 25 wines available by the glass, along with a range of imaginative cocktails. Other features include a “mixology” bar, a deli counter, and master classes for customers in cocktail making, wine tasting, and butchery. Drake & Morgan was founded in 2008 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Bowmark Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 2.0B 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 £200 million and focuses on investing in UK companies which are valued between £25 million and £300 million. Bowmark was formed in 1997 and is based in London, United Kingdom.

DEAL STATS #
Overall 23 of 50
Sector: Restaurants M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 21
Country: United Kingdom M&A 22 of 49
Year: 2013 M&A 2 of 3
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Law Business Research

London, United Kingdom

Law Business Research is an independent publisher of research, data and analysis on international business law and international legal markets. The company prides itself on creating essential and unique information for its subscribers who are drawn from over 100 countries around the world. Law Business Research was founded in 1996 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 RLDatix

Chicago, Illinois, United States

RLDatix is a specialty healthcare governance, risk, compliance (GRC), and workforce management software provider. RLDatix’s suite of cloud-based software solutions enable customers to address daily GRC functions through its interconnected modular solutions, including incident and regulatory management, risk and compliance management, contract management, workforce management and vendor credentialing. RLDatix was founded in 1986 and is based in Chicago, Illinois.

Sell -
Mergr

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