Dishoom
Liberty advises the management team of Dishoom on its partnership with L Catterton
Liberty Corporate Finance is delighted to announce they have advised the management team of leading UK restaurant group Dishoom on its investment from L Catterton, LVMH’s private equity arm. This agreement marks the first external investment into the group since its establishment.
Dishoom was founded in 2010 and set about recreating the charm and chaos of 1960s cafes in Bombay. The majority of Dishoom’s restaurants are based in London while others are located in Birmingham, Brighton, Cambridge, Edinburgh, Manchester and Oxford. The management team have expertly scaled and grown the business organically to date and are fuelling plans for U.S. expansion next year, now with the support of L Catterton. This partnership will allow Dishoom to build on its successful UK restaurant operation and explore new growth opportunities in the years to come.
The investment has been made in partnership with Dishoom’s management team, led by co-founders Shamil Thakrar and Kavi Thakrar alongside their long-standing senior colleague and CEO Brian Trollip and the rest of the executive team.
We’ve really enjoyed working with Liberty on this transaction. They know their stuff inside out, and have been extremely valuable partners to have beside us, highly responsive, rigorous and thoughtful. They’re also lovely people to work with.
Brian Trollip
CEO of Dishoom
It has been great to get to know Shamil, Kavi, Brian, Stephen, Andy and the whole Dishoom management team over recent months. We are delighted to have helped them agree their management equity terms as they navigated the path to securing an external investment partner for the first time. We look forward to seeing them continue to grow and flourish as a distinctive, authentic and principled restaurant business.
Michael McDonagh
Partner
+44 (0) 7715 705 000
[email protected]