Sapient Corporate Finance has advised the shareholders of Cubitt House on securing investment from private investors who will acquire a majority stake in the business and provide funding to facilitate future expansion of the highly successful Cubitt House brand.
Cubitt House has created four high quality, timeless and traditional pub restaurants in some of central London’s most desirable neighbourhoods:
- The Thomas Cubitt, Elizabeth Street, Belgravia
- The Alfred Tennyson, Motcomb Street, Belgravia
- The Orange, Pimlico Road, Belgravia
- The Grazing Goat, New Quebec Street, Marylebone
The award-winning business comprises large-scale, “trophy” sites in prime locations generating industry-leading sales and profits. Furthermore, Cubitt House is an established premium brand with a loyal following and a strong London-wide awareness.
The transaction will result in Cubitt House benefiting from considerable growth capital from private investors, whilst continuing to ensure that the founding shareholders, Stefan Turnbull and Barry Hirst remain actively involved in the business.
Sapient has worked with the shareholders of Cubitt House since 2009. Stefan Turnbull, one of the founding shareholders of Cubitt House commented:
“Ten years ago Barry and I opened the Thomas Cubitt in Belgravia. Since then we have built Cubitt House into the successful family business that it is today. Barry and I are delighted that the introduction of private investment will allow the business to enter into a new and exciting phase. We look forward to building on that early success as we continue to grow the Cubitt House brand and, to this end, we are currently considering a number of new venues.”
Sapient has advised on M&A in the pub, bars and brewing sectors worthin excess of £2 billion in the past five years, including advising Stonegate on several acquisitions and the shareholders of Meantime Brewing Company on its sale to SAB Miller.