Charterhouse Leisure Ltd that trades as ‘Coal Grill & Bar’ has announced the sale of 100% of the shares in the Company
The Company has been acquired by Sunshine Capital Ltd.
The business was acquired from Proven VCT and Proven Growth & Income VCT, which are managed by Beringea, and Octopus Capital for Enterprise Fund.
The Company operates nine high volume casual dining restaurants in Basingstoke, Bristol, Bristol Waterside, Exeter, Meadowhall, Milton Keynes, Gloucester Quays, Telford and Swindon.
The Company was advised on the transaction by CDG Leisure Ltd. Barclays Bank Plc will continue to provide support to the business.
John Gater left the business in December 2017. Michelle Carpenter the FD and Glenn Campbell, the Interim Managing Director will remain with the Company.
Speaking of the purchase, Sumit Chadha, CEO of Sunshine Capital said “We are delighted to have secured the successful acquisition of Charterhouse Leisure Ltd and believe that under our stewardship, the Company is well positioned to strengthen its performance, build new restaurant destinations and provide great development opportunities for the team”
Stuart Veale, Managing Partner at Beringea said “We have been very supportive of the business for over ten years and believe this is the right time for us to exit and for the company to be under new ownership and wish it every success in the future”