Posted: 17/04/2024
The corporate team at Penningtons Manches Cooper is advising Cavendish Capital Markets as nominated adviser and broker to Revolution Bars Group PLC on a £12.5 million fundraising through a firm placing, a subscription, and a placing and open offer.
Revolution Bars Group, a leading operator of premium bars and gastro pubs, is proposing to undertake a restructuring plan following external challenges impacting its business. The restructuring plan will be enabled by the fundraising, ensuring a sustainable future for the group.
The fundraising is conditional upon, amongst other things, shareholder approval and the restructuring being sanctioned by the court.
London-based corporate partner, Seb Orton, is leading on this deal with assistance from associate Jenny Wright.
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