WHIreland is proud to have acted as Sole Broker and Nomad to Various Eateries Group in its £25m fundraise and admission to AIM.
At a time of dislocation
across the hospitality industry, the funds raised by WHIreland will be
principally used to advance the group’s strategy to roll out its Coppa Club and
Tavolino brands and to fund future activities, potentially including acquisitions.
Hugh Osmond, Founder
of Various Eateries, commented “To be launching our flotation
into the teeth of the worst crisis ever faced by the hospitality industry is an
incredible achievement. It is a testament to the strength of both the Various
Eateries’ team and to our brokers, WHIreland, who raised £25m and executed the
IPO against such adversity.”
Phillip Wale, Chief
Executive of WHIreland, commented “We were delighted to work
with the Various Eateries’ team on their IPO. Fundamentally, we believe that this
is a great platform with an exceptional leadership team that is extremely well
positioned to build out a major new UK leisure brand in the years ahead. We
look forward to continuing to work with the team as they deliver this growth
strategy.”
Squire Patton Boggs acted
as lawyers for WHIreland on the transaction.