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Be At One for sale with £60m price tag?

21 February 2017 by
Be At One for sale with £60m price tag?

The owners of the Be At One chain of cocktail bars are reported to be exploring a potential £60m sale.

Be At One, founded by three former TGI Friday's bartenders, has 31 bars with 17 in London.

It focuses on cocktails, with 190 on the menu, and doesn't serve food.

Founded by Steve Locke, Rhys Oldfield and Leigh Miller in 1998, the company is 32% owned by Piper Private Equity. The rest is owned by the founders and management.

The private equity firm invested in 2011 and has engaged AlixPartners to approach potential debt providers to assess appetite for the business, according to leveraged financial sector publication Debtwire.

Be At One declined to comment.

Be At One announces record festive trading figures >>

Goose Island takes on Be At One site for first London bar >>

Hotel, restaurant and bar spending rises in January >>

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