PROVEN VCTS REALISE THEIR INVESTMENT IN 'COAL GRILL & BAR'

23 May 2018

The ProVen VCTs have sold their investment in Charterhouse Leisure Ltd, which trades as ‘Coal Grill & Bar’, as part of an acquisition of 100 per cent of the shares in the company by Sunshine Capital Ltd.

Stuart Veale, Managing Partner at Beringea, the Manager of the ProVen VCTs, said “We have been very supportive of the business for over ten years. We believe this is the right time for us to exit and for the company to be under new ownership. We wish it every success in the future.”

‘Coal Grill & Bar’ operates nine high-volume casual dining restaurants in Basingstoke, Bristol, Bristol Waterside, Exeter, Meadowhall, Milton Keynes, Gloucester Quays, Telford and Swindon.


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