Following consortium deal with Santander restaurant group D&D continues to expand
Restaurant group D&D London secured a £45 million refinancing package following a consortium deal with Santander. The refinance is to support the continuation of its expansion through new openings.
D&D’s current portfolio consists of 30 restaurants, one hotel, one US events venue and two licensed restaurants in Japan. Following the deal D&D London CFO, Toby Harris said:
"We're delighted to have Santander and HSBC on board to support us in the next stage of our development. Both are very familiar with our sector and, even more importantly, know our restaurants very well as customers!"
D&D London (formerly Conran Restaurants) was founded in 2006 by CEO Des Gunewardena and MD David Loewi, and is currently celebrating 'A Decade of D&D'. In that time it's grown to become a high-end focused restaurant, bar and hotel operator across Leeds, London, Paris, New York and Tokyo. Their portfolio also includes a Michelin starred restaurant (Angler).
Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.
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