Kings Park Capital, an independent private equity firm dedicated to investing in the European leisure sector, has taken a significant stake in 7Bone Burger Co., 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 a non-executive director. Derek was previously finance director of Nando’s for 12 years, helping the chain expand from 27 to 256 restaurants in the UK.
In a joint statement, co-founders 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.”