Leading bar operator Arc Inspirations is set to accelerate its growth after securing significant investment from BGF for a minority stake in the Martin Wolstencroft-led business.
BGF is investing £19 million into the business, with the capital paving the way for an accelerated rollout of its three premium brands Banyan Bar & Kitchen, BOX and Manahatta. The investment will support the company’s ambition to double the business from its current 18 venues, delivering at least four new site openings per year over the next three-to-five years.
The deal marks the first time Arc has introduced external investment to the group. Its expansion to date – since Wolstencroft and co-founder Chris Ure launched the business in 1999 – has been funded by the business and more recently through a renewed partnership with HSBC.
Wolstencroft, Ure and Managing Director Anni Opong remain significant shareholders in the business. In addition, and as part of this process, Non-Executive Director Steve Richards, CEO of Parkdean Resorts and Chairman of UKHospitality, will continue supporting the executive leadership team as Non-Executive Chair.