Active Private Equity is reported to be taking a major stake in fast-growing gourmet burger chain Honest Burgers.
Active is a venture capital and private equity specialist and owns stakes in Evans cycles shops as well as Leon restaurants. It is reportedly investing £7m in return for 50 per cent of the business.
Spencer Skinner of Active will be joining the Honest Burger board as it continues – or accelerates – its rapid expansion.
Honest Burger was launched in Brixton market four years ago, and has already grown to nine restaurants with a further five planned for 2015.
It was founded by Tom Barton, Dorian Waite and Phil Eeles who, it is understood, will all remain shareholders and continue to run the business.
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