Brasserie Bar Co, the parent group of casual dining brands Brasserie Blanc and the White Brasserie Company, secured a £23m debt refinancing.
The new facilities comprise a £12m senior term loan and £8m undrawn facilities from OakNorth Bank, and a £3m mezzanine loan from ESO Capital.
The funds will enable the group to expand the existing estate over the next five years, targeting 6-8 new openings per year.
Led by CEO Mark Derry, Brasserie Bar operates 35 sites within the premium casual drinking and dining market in the U.K. The group comprises two core formats:
– Brasserie Blanc, the French brasserie business originally founded by Raymond Blanc, and
– the White Brasserie Company, a pub dining business focused away from the high street but offering the standards of Brasserie Blanc.
A portfolio company of Core Capital, The company announced its first contract to operate its Brasserie Blanc concept within a hotel, at the Marriot High Cliff Hotel in Bournemouth last month.
Most recently, it opened its 19th Brasserie Blanc site in Hammersmith’s Fulham Reach development.