M&A Deal Summary

Drake & Morgan Acquires Corney & Barrow Bars

On July 7, 2016, Drake & Morgan acquired beverage company Corney & Barrow Bars

Acquisition Highlights
  • This is Drake & Morgan’s 1st transaction in the Beverages sector.
  • This is Drake & Morgan’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-07-07
Target Corney & Barrow Bars
Sector Beverages
Buyer(s) Drake & Morgan
Deal Type Add-on Acquisition

Target

Corney & Barrow Bars

London, United Kingdom
Corney & Barrow Bars Ltd. is a producer, marketer and distributor of beer, wine and other spirits.

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Buyer(S) 1

Buyer

Drake & Morgan

London, United Kingdom

Category Company
Founded 2008
Sector Restaurants
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector: Beverages M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1