M&A Deal Summary

Lion Capital Acquires Loungers

On December 20, 2016, private equity firm Lion Capital acquired restaurant Loungers from Piper for 137M GBP

Acquisition Highlights
  • This is Lion Capital’s 2nd transaction in the Restaurants sector.
  • This is Lion Capital’s 12th largest (disclosed) transaction.
  • This is Lion Capital’s 8th transaction in the United Kingdom.

M&A Deal Summary
Date 2016-12-20
Target Loungers
Sector Restaurants
Buyer(s) Lion Capital
Sellers(s) Piper
Deal Type Secondary Buyout
Deal Value 137M GBP

Target

Loungers

Bristol, United Kingdom
Loungers is a chain of informal, all-day, neighbourhood café-bars comprised of two brands: Lounges and Cosy Clubs. Over the past four years, the company has more than quadrupled the number of sites to 94, opening 20 sites a year since 2014 and creating employment for almost 2,000 people. Loungers was founded in 2002 and is based in Bristol, United KIngdom.

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Buyer(S) 1

Buyer

Lion Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 4.3B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Lion Capital LLP is a specialist private equity firm focused on consumer-oriented opportunities throughout Europe and North America. Specific areas of interest include apparel, accessories, luxury goods, food, and specialty retail. Lion Capital LLP was formed in 2004 and is based in London. The Firm has an additional office in New York City.

DEAL STATS #
Overall 32 of 42
Sector (Restaurants) 2 of 2
Type (Secondary Buyout) 15 of 20
Country (United Kingdom) 8 of 10
Year (2016) 2 of 2
Size (of disclosed) 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 ghd

West Yorkshire, United Kingdom

ghd is a provider of premium hair styling irons, comlpementary wet products and other hair styling accessories. ghd is based in West Yorkshire, United kingdom.

Sell £420M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Grenade

Solihull, United Kingdom

Grenade is a sports performance and energy business. Grenade offers a highly differentiated range of nutrition products with a unique brand that has significant international appeal. Grenade's products are sold in over 100 countries and across a multitude of channels. Grenade was established in 2010 and is based in Solihull, United Kingdom.

Buy -

Seller(S) 1

SELLER

Piper

London, United Kingdom
Category Private Equity Firm
Founded 1986
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Piper is a specialist private equity firm focused on investments in consumer brands with strong growth potential. Piper specifically targets high-growth, small to mid-sized companies in retail, leisure, and consumer products and services. The Firm works closely with management to build industry-leading companies. Prospective businesses are generally profitable with revenues of £5 to £25 million. Piper prefers companies based in the UK and invests up to £15 million per transaction. The Firm will consider both control and minority investment positions. Piper was formed in 1986 and is based in London, England.

DEAL STATS #
Overall 13 of 21
Sector (Restaurants) 4 of 6
Type (Secondary Buyout) 4 of 7
Country (United Kingdom) 13 of 21
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Monica Vinader

Norfolk, United Kingdom

Monica Vinader is a provider of ready-to-wear contemporary designer jewelry. Its popular and affordable products are sold in over 70 countries worldwide. Monica Vinader was formed in 2008 and is based in Norfolk, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Flat Iron Steak

Farnborough, United Kingdom

Flat Iron Steak is a steak restaurant group. The company operates a chain of steakhouses. Flat Iron Steak was founded in 2012 and is based in Farnborough, England.

Buy -
Mergr

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