Restaurant group Wright & Bell acquires ‘thriving’ venue off Carnaby Street

London bar-restaurant concept Wright & Bell has acquired Kingly Court-based venue Whyte & Brown.

The company plans to invest in the two-storey restaurant, launched in 2013 off Carnaby Street, as it seeks further acquisition opportunities in the centre of the capital.

Wright & Bell and parent firm Imbiba worked on the deal with lender ThinCats, which provided funding to support the transaction.

Sarah Clark, Wright & Bell’s managing director, said: “Kingly Court is an extremely popular and vibrant destination in central London and presents us with an excellent growth opportunity.

“We are excited to be acquiring The White and Brown industry is such a thriving location.”

She added: “We look forward to evolving the offer and have a progressive vision of how this can sit within our portfolio and the current market place.”

Wright & Bell’s network already includes the Kitty Hawk and The Backroom Bar at South Place, Moorgate.

Simon Wheeler, CFO of investment firm Imbiba, said: “ThinCats were an obvious partner for us.

“They are one of the leading alternative finance providers for growing and ambitious SMEs and they really understand the sector.”

ThinCats’ London and South East business originator, Dave Sherrington, commented: “We were impressed by Imbiba and look forward to working with them on this project.

“They have unparalleled sector experience, a strong track record in the market and an investment team that genuinely understands leisure businesses.”