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Tue 12th Nov 2019 - Camerons Brewery acquires Bar Soba
Camerons Brewery acquires Bar Soba: Camerons Brewery has acquired five-strong cocktail and pan-Asian street food concept Bar Soba from the BGF for an undisclosed sum. The addition sees Camerons grow its retail managed pub estate to 34 sites. Bar Soba has three venues in Glasgow and one each in Edinburgh and Leeds. Camerons Brewery chief executive Chris Soley said: “This is a deal we have been working on for some time and we’re delighted this has now gone through. We’ve been extremely impressed by the Bar Soba brand and identified the potential for this group to develop. Growing our retail pub group is one of our key business strategies and we’ll continue to look to add more venues to our various pub brands. We identified an opportunity to add another brand in our portfolio to complement the offers in our Head of Steam and Urban Country Pubs and we feel the unique food and drinks experience Bar Soba offers gives us an exciting new opportunity to grow our estate further. A big part of the acquisition involves retaining staff, who have been involved in Bar Soba’s success. All the current management team and staff will remain in place and this business will operate independently as a standalone business. We look forward to welcoming David (Ladd) back into our business as he was a great asset to Camerons when he worked with us previously within our operations team.” Ladd, who is chief executive of Bar Soba, added: “We are delighted and very excited to be part of Camerons Brewery. Bar Soba is a fantastic, successful brand with a highly talented and dedicated team. With support from the management team at Camerons we all look forward to new opportunities to grow the business. On a personal level, I would like to thank the BGF for its support. I am, however, thrilled to be working with everyone at Camerons again.” Camerons Brewery has received funding from HSBC to support the deal, while it was also advised by Weightmans, Grant Thornton and UNW on the transaction.

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