Consumer
Year
2020
Transaction type IPO
Sector Consumer
finnCap have raised £15m for Revolution Bars Group PLC and are advising on its proposed transfer to AIM. The fundraising will enable the business to prosper as soon as it is allowed to open again, post lockdown.
Matt Goode, Corporate Finance Director, finnCap Group Consumer Sector, comments: “Revolution Bars’ has been outperforming its competition in the run up to the covid19 pandemic, driven in part by its successful refurbishment strategy. The fundraising will reduce the Group’s financial gearing in order that it can recommence the refurbishment of its estate and also look at new site opportunities as they arise. We are delighted with the support of both current shareholders and new investors, and look forward to working with Revolution as its estate reopens, with the fundraising enabling it to focus on the future growth of its business.”