Ashcombe advises Caravan on its management buyout from Active Partners
Ashcombe has advised Caravan in successfully completing a management buyout (MBO) from Active Partners
Caravan, a market leader in all-day dining and specialty coffee, currently operates nine restaurants and three brew bars across London and Manchester, and a dedicated coffee roastery
The MBO, backed by HSBC, allows the founders to regain ownership and provides additional funding for growth
Founded in 2009, Caravan, a market leader in all-day dining, serves a well travelled menu of coffee, breakfast and brunch, as well as lunch, dinner and cocktails. The Caravan coffee roastery supplies a range of specialty coffee on both a direct-to-consumer (D2C) and business-to-business (B2B) basis, as well as to its own brew bars. The business is heavily focused on sustainability, achieving B Corp status in 2024.
The MBO sees Active Partners exit the business after seven years, and founders Laura Harper-Hinton, Chris Ammermann and Miles Kirby take back full ownership of the business, supported by HSBC. The deal will allow the realisation of plans to continue the expansion of the group, with new locations in the works for 2025 and beyond. Caravan currently operates nine restaurants, three brew bars and a coffee roastery across London and Manchester.
Marc Mansfied, of Ashcombe, commented:
“We've known Caravan for over five years and have always admired both the concept and the founders' vision and passion for the business. I'm delighted that we were able to help structure this deal - our fourth hospitality transaction in the past year - in a tricky market.”
Laura Harper-Hinton, Co-Founder and Chief Executive of Caravan, commented:
“We would like to thank the Ashcombe team for their help and expertise in delivering this transaction, which puts the company in a good position for the future.”