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£29m
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Demerger of Hostmore

Numis acts as Joint Financial Adviser and Sole Sponsor to Hostmore plc, and Joint Financial Adviser and Joint Corporate Broker to Electra Private Equity Plc, on the demerger of Hostmore.

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Numis acts as Joint Financial Adviser and Sole Sponsor to Hostmore plc, and Joint Financial Adviser and Joint Corporate Broker to Electra Private Equity Plc, on the demerger of Hostmore
We are proud to have supported Hostmore plc (“Hostmore”) and Electra Private Equity Plc (“Electra”) on a successful demerger, as the companies embark on the next stage of their journeys.

Our client Hostmore is a growing hospitality group focused on the casual dining brand Fridays and the cocktail-led bar and restaurant brand 63rd+1st. Established in 2021, Hostmore’s mission is to make every customer experience relevant and engaging, to celebrate the unique heritage and character of its brands, and create environments where people have fun and feel welcomed.

“For Hostmore, this is a significant milestone for our two brands and provides us with a solid platform to develop our business through a combination of both the organic addition of individual sites and the acquisition of appropriate smaller brands.”

Robert B. Cook CEO, Hostmore
We are pleased to have played a key role as Joint Financial Adviser and Sole Sponsor to Hostmore, and Joint Financial Adviser and Joint Corporate Broker to Electra.

The company states that they are well positioned to continue to grow profitably through a combination of consumer sector recovery, continued development of Fridays and 63rd+1st, and strategic growth through additional brands or geographies.

“This deal saw a number of Numis capabilities align as we combined strategic advice on potential solutions with our regulatory and listing expertise and powerful shareholder connectivity.  It is extremely gratifying to see the demerger complete and we look forward to supporting both Electra and Hostmore in the future.”

James Taylor Head of Investment Banking

This is a great success for Hostmore and positions the company to continue its growth as an independent listed group.
 
The Numis deal team was led by Stuart Dickson and Jonathan Abbott.

For further information, please contact your Numis representative.

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