Recently formed hospitality group Nightcap has completed its second purchase by acquiring the owner of brands including Blame Gloria and Tonight Josephine, Adventure Bar Group.
The deal, completed for an undisclosed sum, means Adventure founders Thomas Kidd and Tobias Jackson will continue to work within the business as Nightcap pushes its growth from nine sites up to 40 in cities nationwide.
Of Adventure Bar's sites across the capital, all but two (Jimi Loves Gloria in Soho and the Lost Alhambra in Leicester Square) will not form part of the transaction.
Nightcap was founded by ex-Dragon’s Den investor Sarah Willingham and Michael Toxvaerd and bought London Cocktail Club’s bar portfolio in January 2021, which coincided with the hospitality group’s listing on AIM market.