Private equity fund Lian buys recliner for British coffee shop chain with 137 million pounds

Lion Capital is a private equity fund focused on consumer goods with offices in Los Angeles and London. It has invested more than 30 enterprises and more than 100 consumer brands in North America and Europe so far, with a total investment of more than 6 billion euros. Lion Capital focuses on companies targeting the consumer market, with investment brands including all-natural snack products manufacturer kettle Foods, anti-aging skincare brand Dr. Pericom, luxury footwear and accessories brand Jimmy Choo, and fashion trend brands.

The British coffee shop chain recliner, founded in Bristol by Alex Reilley, Bishop Jack and Dave Reed in 2002, is a fast-growing leisure community chain that has tripled the number of companies to 94 in the past four years, opening 20 new cafes each year since 2014, creating nearly 2000 jobs. The company plans to open its 100th chain store by April 2017 and 20 new cafes by 2017

The private equity fund Lion King Capital bought the recliner of the British coffee shop chain for 137 million pounds, with Procor, an international law firm, as its consultant.