Six-figure debt deal backs Manchester bar group's buyout
What's the deal? Northern Hospitality (MCR), a Manchester bar and venue group, has secured six-figure debt funding from NPIF II — FW CapitalDealroom has a profile for this one. Try Dealroom → Debt Finance to support a management buyout. The finance is managed by FW Capital as part of the Northern Powerhouse Investment FundDealroom has a profile for this one. Try Dealroom → II (NPIF II).
Who's involved? Founded in 2018, the group runs three venues in Manchester's Northern Quarter — Quarter House, HulaDealroom has a profile for this one. Try Dealroom →, and The Fitzgerald — all in one building on Stevenson Square. The funding backed the buyout of the business by John Wilson.
What's the endgame? The deal is meant to fund the group's next phase of growth. Chairman Andrew Blackburn said he "will continue to play a key role, supporting the operation of our three iconic sites."
Why now? The round lands as hospitality operators face steep cost pressures. "The hospitality sector continues to be squeezed with all the current financial pressures," said Adam Husband, senior investment executive at FW Capital.
The signal: The deal shows public-backed lenders stepping in where hospitality funding is tight. The £660 million NPIF II fund, run by the British Business Bank, offers loans from £25,000 to £2 million and equity up to £5 million to smaller firms — a channel for regional operators as private capital stays cautious on the sector.
Read more: Bdaily
Image credit: dullhunk
