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.