The sites have been acquired by Mario C. Bauer & group of investors in strong partnership with the Dominvs Group and Cairn Group.
For the transaction, the Love & Food Restaurant Holding group founded UK VAP Ltd. as a subsidiary, which will oversee the relaunch of the brand as well as future expansion in the UK.
UK VAP Ltd was able to strike a partnership with Savour Group, founded by two family offices, namely the Cairn Group, which successfully operates over 30 hotels and restaurants in England and Scotland, and the Dominvs Group, a privately owned, trusted group of companies focused on the hospitality, residential and commercial real estate sectors in the UK. Together, the groups held by the Handa and Ahluwalia families will be partners in the London-based venture that will take over the Vapiano restaurants on Great Portland Street, Bankside and Tower Bridge.
Furthermore, under the terms of the agreement, Savour Group will enter an exclusive franchise agreement with Love & Food Restaurant Holding to operate the restaurants in Manchester and Edinburgh and is committed to opening further sites across the UK. The buyer consortium was advised by MJ Hudson, Clyde & Co and Mincoffs (legal) as well as by Harper Dennis Hobbs (property).
