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Thu 8th Sep 2016 - Kings Park Capital takes significant stake in better burger brand
Kings Park Capital takes significant stake in better burger brand: Private equity firm Kings Park Capital (KPC) has taken a significant stake in 7Bone Burger Co (‘7Bone’), a fast casual ‘better burger’ restaurant concept, by providing funding to roll-out the concept. The company’s first restaurant in Southampton was opened in 2013, followed by a second in Bournemouth, realising the ambition of founders, Matthew Mollicone and Richard Zammit, to bring high quality burgers to the regions. The concept differentiates itself from traditional fast casual operators through its proven ability to operate out of smaller footprint units in secondary and tertiary locations. KPC will work alongside management to drive forward the roll-out of new restaurants. The company has a pipeline of six additional sites lined up. Derek Woodcock will also be joining the board as an non-executive director. Woodcock was previously finance director of Nando’s for 12 years, helping Nando’s expand from 27 to 256 restaurants in the UK. Mollicone and Zammit said: “We are delighted to have secured investment from Kings Park Capital and look forward to taking 7Bone across the country with their assistance.” Jamie Tillman, partner at KPC, said: “We are excited to be partnering with Matt and Rich, and backing their vision for 7Bone’s expansion. We look forward to working with them and Derek to create the leading ‘better burger’ brand in the UK.” Kings Park Capital is an independent private equity investment firm dedicated to investing in the European leisure sector. KPC’s approach is to work closely with its management teams and using its capital, specialist knowledge and broad network of contacts to help management fulfil their strategic ambitions. Kings Park Capital also has sector investments in Abokado, Fuel Juice Bars and Inn Collection.

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