At what enterprise value was THE EVOLV COLLECTION acquired in 2023?

During the acquisition of THE EVOLV COLLECTION by CALVETON / BREAL CAPITAL in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of THE EVOLV COLLECTION when it was acquired by CALVETON / BREAL CAPITAL?

The estimated EV/EBITDA multiple for THE EVOLV COLLECTION is in the range of 10x - 18x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.4x. Join our community for free to access full valuation data and industry trends.

What was the revenue of THE EVOLV COLLECTION at the time of the deal?

The revenue of THE EVOLV COLLECTION at the time of the deal is estimated to be in the range of 100M - 200M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of THE EVOLV COLLECTION during the acquisition?

THE EVOLV COLLECTION's EBITDA is estimated to be in the range of 5M - 25M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the THE EVOLV COLLECTION acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the THE EVOLV COLLECTION deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.thisismoney.co.uk/money/markets/article-12637025/Trendy-restaurants-owner-D-D-London-sold-private-investors-60m.html

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Home Database Retail & ConsumerTHE EVOLV COLLECTION

10/2023

THE EVOLV COLLECTION

Acquired by

CALVETON & BREAL CAPITAL

UNITED KINGDOM Hospitality & Leisure / Hospitality / Restaurants / Chains EV 50M - 150M GBP

THE EVOLV COLLECTION acquired by CALVETON & BREAL CAPITAL

UNITED KINGDOM Hospitality & Leisure / Hospitality / Restaurants / Chains EV 50M - 150M GBP

Context

D&D London has been acquired by a consortium consisting of Calveton and Breal Capital. The deal follows a period of financial instability for the group and includes a critical £40 million balance sheet recapitalization to facilitate future growth and investment in new sites. Unlike traditional private equity, the buyers are investing "patient money" (proprietary capital) without rigid exit horizons, focusing on the long-term preservation of the group's heritage. David Loewi, co-founder and CEO, remains a shareholder and leader of the business. The strategic rationale for the acquisition is to stabilize the group's finances after pandemic-induced losses and to provide a platform for international expansion. Calveton (owner of Byron) and Breal (owner of Vinoteca and Black Sheep Brewery) leverage their specialized hospitality expertise to professionalize the group's management, including the appointment of a Chief Advancement Officer. This transaction highlights a major consolidation trend in the premium UK dining sector, where distressed high-profile assets are rescued by specialized turnaround investors seeking to capitalize on strong brand equity and recovered post-pandemic consumer demand.

THE EVOLV COLLECTION, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

The Evolv Collection (ex D&D London) is a prestigious global restaurant group operating a portfolio of approximately 40 high-end restaurants, bars, and a luxury hotel (in 2023). Originally founded in 1991 by Sir Terence Conran as Conran Restaurants, the company was rebranded in 2006 and is known for iconic venues such as Quaglino’s, Bluebird Chelsea, Coq d’Argent, and German Gymnasium. Its business model centers on "fine dining as an experience," combining culinary excellence (including Michelin-starred Angler) with landmark architectural locations in major cities including London, Manchester, New York, and Paris. The group targets high-net-worth individuals and corporate clients, offering a diverse range of concepts from classic French brasseries to trendy rooftop bars. The group’s value proposition lies in its ability to curate "memorable experiences" through high-quality food and distinctive restaurant identities, maintaining a dominant presence in the premium segment of the UK hospitality market.

Ent. Value

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2022

Other operations with THE EVOLV COLLECTION

REFERENCES

Valuation range: EV 50M - 150M GBP

Revenue range: 100M - 200M GBP

EBITDA range: 5M - 25M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of THE EVOLV COLLECTION by CALVETON / BREAL CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: the evolv collection

Acquirer: breal capital / calveton