The Bank-backed investment fund buys into the pub chain, which runs 15 sites.
Business Growth Fund (BGF), a UK-based investment fund backed by banks, has helped pub chain Wear Inns raise £10m ($15.7m).
BGF was joined in the deal by NVM. NVM has backed Wear Inns from start-up and now has £4.2m invested in the business. Wear Inns was founded in 2006 and comprises 15 pub sites.
Wear Inns has net revenues of £7.3m and has had like for like sales growth of 7.2%. It employs 175 people.
Wear Inns was introduced…
