As first reported by the Evening Standard (UK, London), Breal Private Equity has bought the UK upmarket wine bar chain Vinoteca out of administration, saving 150 jobs.
Vinoteca was placed into administration in July 2023 after suffering financial difficulties due to the COVID-19 pandemic, the recent train strikes, and rising energy costs.
Image Credit: Vinoteca
The company had five locations all in London.Breal Private Equity is a London-based private equity firm that invests in the food and beverage sector.
The firm has acquired a number of restaurants and bars in recent years, including The Ivy Asia and The Ledbury.
Breal Private Equity said it plans to invest in Vinoteca to help the company grow and expand. The firm said it is confident that Vinoteca has a bright future.
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