www.christiefinance.com/fin/casestudies/
The Quality Hotel, Edgbaston, Birmingham
Christie Finance secured funding to assist Gurpal and Ravinder Singh purchase the 176-bedroom Quality Hotel Birmingham, which includes seven conference rooms, an 80-cover restaurant and a leisure club. They already operate the 73-bedroom Edgbaston Palace Hotel and Cavalier House located next door.
Ciro's Pizza Pomodoro restaurant in Bishopsgate, London
Daniel Wright and Tava O’Halloran approached Christie Finance after struggling to raise backing for their acquisition of Ciro’s Pizza Pomodoro restaurant in Bishopsgate, London. Christie Finance secured finance via the Government’s Enterprise Finance Guarantee Scheme to help them buy and convert the restaurant, which was built in 1894 as Turkish baths, into a café, bar, restaurant and entertainment venue renamed “The Bathhouse”.
Stuarts Premier Daily, Stowmarket
Christie Finance funded Mr Govindah’s purchase of this well-established convenience store with a high street lender but, despite cash and additional security, there was still a shortfall. Christie Finance arranged a top-up loan by way of the Government’s Enterprise Finance Guarantee Scheme to resolve what seemed to be an impossible situation.
Café Anjou in Palmers Green, North London
After Jose De Freitas and Maurizio Fernandes were declined finance by their bank, Christie Finance helped them to secure their first business venture, using the Enterprise Finance Guarantee Scheme. Christie Finance’s involvement ensured their application was taken seriously and the leasehold purchase was a success.
Northfield House care home, Stroud
Christie Finance funded Richard and Sue Harris's purchase of Northfield House care home, registered for 25, in Stroud. The home was bought from Lynne Gardner, former Chair of the Gloucestershire Care Provider Association, who retired from the industry.
Help to launch London’s first French gastro pub
Christie Finance secured funding for the acquisition and refurbishment of the Dark Horse pub in Southwark, London, which then became the capital’s first dedicated French gastro pub. Situated close to Denmark Hill station, the leasehold interest of the Dark Horse was acquired by David Fall, who was involved in creating the Le Pot Lyonnais restaurant in Battersea in the mid-1990s. Mr Fall reopened under the name “Le Petit Parisien”, a French-themed gastro pub with a Gallic-influenced menu. Christie Finance secured funding for the acquisition and further significant funding for the refurbishment from a leading international bank, while its sister company Christie + Co sold the site on behalf of the vendor to Mr Fall.
Jan’s Bar, Stoke Newington, North London
Christie Finance secured funding towards the acquisition of a leasehold property in Stoke Newington, which was sold through Christie + Co. Owner Ivy Mukasa has transformed the business into the Belgian-themed Jan’s Bar offering an impressive selection of the country’s beers, including nine on tap.
Anchor Hotel, North West London
Christie Finance helped Rakesh and Nilma Jain to acquire the Anchor Hotel in North West London, despite the couple being first-time buyers with no experience in the hotel sector. Christie Finance secured the required loan with a leading bank at 1.5% over base rate.
Dove Street Inn, Ipswich
Ady Smith and his partner Karen own the Dove Street Inn in Ipswich. They plan to make their own beer, as well as sell it, after Christie Finance sourced the funding to add a conservatory to their existing business in addition to developing a microbrewery and letting bedrooms in a nearby building they bought at auction.
Kings Head, North Lopham in Norfolk
The Kings Head’s closure had left North Lopham in Norfolk without a pub. No financial accounts were available, which made raising funding to reopen the business difficult. Christie Finance secured loan terms within 24 hours, and the residents were please at the prospect of welcoming back their village local.
Priory Hotel, Bury St Edmunds
Peter Hobday, an established operator, wished to quickly acquire the Priory Hotel in Bury St Edmunds for tax planning reasons. In spite of the tough prevailing market conditions, Christie Finance was able to agree an 80% LTV within the very short timeframe required, thereby meeting and surpassing the client’s expectations.
Alexander Hotel, Swansea
The purchasers of Alexander Hotel in Swansea were struggling to raise funding through their existing bank, but Christie Finance was able to quickly secure a competitive funding package with Barclays, thus helping the sale to move forward and complete within 6 weeks.
Smollensky’s
Christie Corporate Finance (CCF) secured funding to support The Shire Group’s acquisition of the Smollensky’s group of restaurants. As well as introducing Octopus Private Equity as investors, CCF project managed the entire funding process through to completion.
Balbirnie House Hotel
Christie Corporate Finance introduced Clydesdale Bank to the private owners of the renowned Balbirnie House Hotel, in Fife. The additional funding will be used to extend the hotel, by developing a £5 million spa and additional bedrooms.Christie Corporate Finance goes to town in London
A number of large deals were brokered by Christie Corporate Finance during 2006, including two central London hotel deals on behalf of London Town Hotels where the gross consideration was in excess of £27 million.
