We advise on the acquisition of one of London’s oldest chains of wine bars and restaurants
M&H Corporate Finance were appointed by Davy’s to conduct the financial due diligence in respect of their purchase of El Vino, a well known chain of wine bars and restaurants based in the City of London.
El Vino is a chain of wine bars and restaurants based in the heart of London which was established as Bower & Co in 1879. The Fleet Street location was historically a famous haunt for newspaper and media editors as the area was the home of British national newspapers until the 1980s.
The current management team was looking to exit the business and was approached by Davy’s who, being a long established wine merchant in the city themselves, saw the chain as a good strategic fit for their existing operations. Davy’s is a family owned business that was established in 1870 and the senior management team is currently led by Chairman James Davy, the 5th generation of the Davy family to head the business.
Phil Fenn, Partner at Mercer & Hole said “Due to the extensive knowledge and experience our Corporate Finance team have in the Hospitality and Leisure sector, we were able to evaluate El Vino and its operations, identify and advise Davy’s on a number of issues and then provide input during price negotiations.”
Fellow Partner, Ross Lane, added “To be approached by such a reputable business such as Davy’s is a testament to our Corporate Finance team and our experience in the sector. It was a great opportunity to work with such a prominent business and enabled us to demonstrate our in-depth experience of working on these types of transactions.”
Date: 12th August, 2015
Articles from this Author
13th January, 2017
Henry Page featured in Recovery magazine
22nd December, 2016
Mercer & Hole preserve over 200 jobs in the run up to Christmas
13th October, 2016
Chris Laughton presents at ICAEW webinar
10th August, 2016
Peter Godfrey-Evans features in Accounting Web
Contact Our Partners
Choose from the drop down menu below to select a Partner to contact.
10. Are you a trustee? FATCA/CRS reporting is due – ensure you understand your responsibilities #MK50
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole