December 21, 2015
Consumer, Retail, E-commerce and Leisure
GCA Altium advises Livingbridge on raising debt financing for its acquisition of Le Bistrot Pierre
GCA Altium acted as exclusive debt adviser to Livingbridge EP LLP on its investment in Le Bistrot Pierre Limited.
Le Bistrot Pierre is a French-themed casual dining restaurant chain with 14 restaurants across the UK. Founded in 1994, the company has been owned and managed by the original founders Robert Beacham and John Whitehead for 21 years. The business has grown from a single franchised restaurant in Nottingham to a family of 14 bistrots with a strong presence in the Midlands, South West of England and Wales.
The deal is the first from Livingbridge’s Enterprise 2 fund, which invests in growth equity and buyout transactions.
Livingbridge appointed GCA Altium Debt Advisory to assist them in raising the acquisition financing for the transaction.
GCA Altium was able to generate strong competitive tension between the lenders to meet all the transaction objectives, including the provision of a significant capex facility to enable Le Bistrot Pierre to pursue its roll-out programme.