Ashcombe advises Risk Capital Partners on its acquisition of The Light
Ashcombe has advised Risk Capital Partners on its acquisition of The Light
The Light is a pioneering operator in the hospitality sector, blending cinemas with leisure activities such as bowling and karaoke and a high-quality F&B offering
The deal fully recapitalises the business and, together with a new banking facility, will enable it to invest £15m over the next couple of years with the aim of doubling in size
Ashcombe is pleased to announce that it has advised Risk Capital Partners LLP (“Risk Capital Partners”) on its acquisition of The Light.
Founded in 2007, The Light is an innovative operator of 13 leisure venues located in areas such as Addlestone, Sheffield, Cambridge and Bolton. The concept combines cinemas with additional leisure activities like bowling and karaoke, complemented by a high-quality food and drink offering. This unique approach provides a sustainable solution to the challenges faced by traditional cinema chains, with each site tailored to meet the needs of the local community and demographics.
The transaction, which fully recapitalises the business, includes a new banking facility that will enable The Light to invest £15m in the next couple of years, aiming to double its size. Several developments are already underway, including the company’s largest project to date - a transformation of an old department store.