London-based Restaurant and cafè operator Rex Restaurant Associates Limited has received a £21m investment from UK mid-market private equity firm Graphite Capital.
Owned by Chris Corbin and CEO Jeremy King, Rex operates The Wolseley, a café-restaurant on Piccadilly, and The Delaunay, an all-day café-restaurant on the corner of historic Drury Lane and The Aldwych. and has three ambitious projects in the pipeline. In June, it plans to open Brasserie Zédel, an all-day Parisian brasserie, with an American bar and a live music and cabaret venue. The new restaurant will be on the 20,000 square foot (1,860 square metre) site of the old Atlantic Bar and Grill in the Crown Estate’s Quadrant regeneration development just off Piccadilly Circus. September will see the opening of another brasserie on the highly sought after site of the former Oriel café and restaurant on Sloane Square.
In addition, from 2014 Rex will operate a new 5-star boutique hotel, The Beaumont, on Balderton Street in Mayfair, currently being developed in conjunction with the Grosvenor Estate.
FinSMEs
29/04/2012