Deckhouse Secures £1.1 Million Investment from SWIF Maven
Deal News | Jan 23, 2025 | Maven Capital Partners
Deckhouse, a café-bar and restaurant group inspired by the relaxed coastal spirit of Devon and Cornwall, has received a £1.1 million investment from SWIF Maven Equity Finance. Managed by James Spragg and chaired by Mark McQuater, Deckhouse was founded in 2022 and aims to expand its business, offering a unique, fresh dining experience across diverse dayparts. This investment falls under the South West Investment Fund (SWIF), which seeks to drive economic growth and innovation in the region by providing early-stage finance to smaller businesses. SWIF Maven can offer up to £5 million to both early and later-stage businesses. This move aligns with the firm's strategy to support growing businesses and capitalize on emerging opportunities in the recovering UK hospitality sector, which is projected to exceed £19.5 billion by 2026.
Sectors
- Hospitality
- Private Equity
Geography
- United Kingdom – The article pertains to a business and investment occurring within the UK, specifically focusing on expansion in the South West of England.
Industry
- Hospitality – The article revolves around the hospitality sector, focusing on Deckhouse's café-bar and restaurant business model.
- Private Equity – The investment from SWIF Maven Equity Finance highlights activity within the private equity sector.
Financials
- £1.1 million – Investment amount received by Deckhouse from SWIF Maven Equity Finance.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Deckhouse | Target Company | Company | A café-bar and restaurant group looking to expand with a unique coastal vibe. |
| Maven Capital Partners | Investor | Company | Private equity firm investing in Deckhouse via its SWIF fund. |
| SWIF Maven Equity Finance | Funding Source | Company | South West Investment Fund run by Maven, aiming to support regional businesses. |
| James Spragg | Managing Director of Deckhouse | Person | Previously CEO of the Big Table Group, now leading Deckhouse. |
| Mark McQuater | Chairman of Deckhouse | Person | Former CEO of Revolution and Barracuda, now chairing Deckhouse. |
| British Business Bank | Support Entity | Government | Provides support through SWIF to boost regional economic growth. |