M&A Deal Summary

MxP Partners Acquires Amber Taverns

On June 2, 2014, family office MxP Partners acquired restaurant Amber Taverns from LGV Capital for 80M GBP

Acquisition Highlights
  • This is MxP Partners’ 1st transaction in the Restaurants sector.
  • This is MxP Partners’ largest (disclosed) transaction.
  • This is MxP Partners’ 1st transaction in the United Kingdom.
Investment Fate
  • Amber Taverns was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2014-06-02
Target Amber Taverns
Sector Restaurants
Buyer(s) MxP Partners
Sellers(s) LGV Capital
Deal Type Secondary Buyout
Deal Value 80M GBP

Target

Amber Taverns

Blackpool, United Kingdom
Amber Taverns owns and operates 56 pubs, predominantly in the North West and North East under its unique Operator Agreements, which incentivize its pub operators by offering them a share of the pub’s takings. Amber Taverns was founded in 2005 and is based in Blackpool, United Kingdom.

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Buyer(S) 1

DESCRIPTION

MxP Partners LLP is a family owned private equity firm focused on acquiring majority stakes in growth companies valued form £50 to £150 million. The Firm does not have any sector preferences and typically targets opportunities throughout the UK. MxP Partners is based in London.


DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 Amber Taverns

Blackpool, United Kingdom

Amber Taverns owns and operates 56 pubs, predominantly in the North West and North East under its unique Operator Agreements, which incentivize its pub operators by offering them a share of the pub’s takings. Amber Taverns was founded in 2005 and is based in Blackpool, United Kingdom.

Sell -

Seller(S) 1

SELLER

LGV Capital

London, United Kingdom

Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LGV Capital Ltd is the private equity arm of Legal & General Group plc, an FTSE-100 quoted insurance firm that invests in middle market consumer, healthcare, leisure and services companies headquartered in the British Isles. LGV focuses on buyouts of rapidly growing, profitable companies with defensible market positions and strong management. LGV looks to invest £15 million in businesses valued from £25 to £200 million. The Firm targets companies in specialist retail, consumer services, food/beverages, household, personal care/OTC products, luxury branded goods, residential care, education, life sciences, animal health, pubs, restaurants, caravan parks, spas, recreational facilities, consultancy, outsourcing, human capital, logistics, IT services and facilities managements. LGV Capital Ltd was formerly known as Legal & General Ventures. LGV was formed in 1989 and is based in London.


DEAL STATS #
Overall 15 of 19
Sector (Restaurants) 2 of 3
Type (Secondary Buyout) 9 of 11
Country (United Kingdom) 15 of 18
Year (2014) 1 of 1
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-26 Air Energi Group

Manchester, United Kingdom

Air Energi is an international recruitment business specialising in the oil and gas industry providing contract, project and staff hire personnel to the major national and international oil companies. Air Energi is based in Manchester and has regional headquarters in the USA, Middle East, Asia Pacific and Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Snow and Rock Sports

United Kingdom

Snow & Rock Sports is the UK’s specialist retailer of outdoor sports equipment and clothing, focused on snow sports, cycling, running, and climbing/ walking. The Group operates 35 stores, many of which include a combination of its three brands – Snow & Rock (“S&R"), CycleSurgery (“CS") and Runners Need (“RN").

Sell -