London restaurant entrepreneur Jamie Barber raises £5m to expand Cabana and Hush Brasseries chains
Zoopla’s Alex Chesterman, French Connection’s Stephen Marks, and Saracens owner Nigel Wary amongst investors
London restaurateur Jamie Barber, founder and CEO of Brazilian barbeque chain Cabana and Hush Brasseries Group, has announced the close of a £5m equity round to fuel the expansion of both brands.
£2m was raised for Hush Brasseries and £3m raised for Cabana from existing high-profile shareholders including Zoopla and Lovefilm founder; Alex Chesterman, French Connection founder; Stephen Marks, and Nigel Wary; owner of Saracens, along with debt funding from HSBC.
Founded in 2011 by Barber and fellow restaurant mogul David Ponté, Cabana specializes in Brazilian foods and dishes and has grown to five sites across London including Islington, Wembley, Covent Garden, and sites at both Westfield London and Westfield Stratford.
Barber’s European-themed restaurant and cocktail bar chain Hush Brasseries is also located in London, with bases in Mayfair, St Pauls and Holborn.
Barber also founded restaurant ventures Sake no Hana, the Villandry, and Kitchen Italia.
The new investment will go towards national expansion of both chains with three further openings expected for Cabana by the end of the year including a flagship site at the O2 Arena, with a fourth Hush restaurant in the pipeline.
Barber discussed the multi-million deal: “We have a significant war chest to be used to expand both brands.
“Brazil is certainly flavour of the month, and our brasseries are performing strongly. Our combined turnover is knocking on the door of £20m, and we feel that the climate is right for us to push forward with both brands.”