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nightcapplc.com

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About Nightcap

Nightcap operates as a United Kingdom bar operator through acquiring, investing and expanding drinks-led business concepts.

Nightcap Headquarter Location

201 Bishopsgate

London, England, EC2M 3AB,

United Kingdom

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Latest Nightcap News

Nightcap toasts the success of Adventure Bar purchase

Apr 26, 2022

Nightcap toasts the success of Adventure Bar purchase A look at the major movers on the London market on Tuesday Investors in Nightcap PLC (AIM:NGHT)  are toasting the success of its acquistion of Adventure Bar Group. Under the terms of the original deal, the vendors could receive additional shares in Nightcap if Adventure met certain targets within two years of its acquisition last July. Now the company has said Adventure - whose brands include Tonight Josephine, Bar Elba and Escapologist  - had hit the earnings milestones significantly earlier than originally expected, triggering the payouts. Nightcap said it was confident Adventure would make a positive impact for the remainder of the current financial year and beyond. In March and April 2022, Adventure acquired three new sites for its bars in Cardiff, Liverpool and Bristol, with several further site acquisitions planned for later this year. Nightcap shares are up 5% at 18.9p. 11.49am: Toople surges as it appoints new chief operating officer Toople PLC (LSE:TOOP)  has rung up an impressive rise after appointing a new chief operating officer. Greg Bryce joins the firm, which provides telecom services to small businesses, after a career which ranges from start-ups to multinationals. He began at WorldCom, set up BT reseller Telecom 10 as also worked fromm 118 118 Media and DMGT. Most recently he has been working as a mentor to start-ups in the healthcare, education, and telecoms sectors. None-executive chairman Richard Horsman said: "Greg is... industry agnostic with expertise across private equity, fundraising, sales, finance, marketing, customer success, HR, IT and product development... "Importantly he also has extensive M&A experience, having successfully overseen acquisitions worth in excess of £200 million. These complementary skills, combined with his previous telco experience, will prove invaluable as we seek to capitalise on new opportunities that are presenting themselves in light of a continually more digitally connected UK." Meanwhile chief financial officer Paul White has resigned with immediate effect to pursue other business interests. Its shares have surged 53.33% to 0041p. 11.07am: Immotion upbeat on entertainment business but plans to spin off other divisions Immotion Group PLC (AIM:IMMO) , the UK-based immersive entertainment group, has seen a faster than expected post-COVID-19 recovery and is now planning to spin off divisions it set up to boost revenues during the pandemic. The company said full year revenues rose 230% to £9.4mln and earnings recovered from a £1.7mln loss to a £0.9mln profit. Its key location based entertainment business benefited as sites reopened and confidence returned, providing further opportunities to launch new sites at aquariums and now zoos. The firm's first large-scale zoo installation contract for a large 24 seat theatre style installation has been agreed and is expected to be signed this week. A further US zoo agreement is at the final contract stage, and there is a strong pipeline of discussions and opportunities. Since the year end, first quarter revenue from the entertainment business has tripled to £1.8mln with April revenue expected to exceed £800,000 following a buoyant Easter. So it has decided to focus future investment on its core business, rather than the Home Based Entertainment and VR division and Uvisan - a specialist in UVC sanitising cabinets - which were set up to help it survive the pandemic. Chief executive Martin Higginson said: "Whilst we rightly took the decision in the middle of the COVID-19 pandemic to launch two new businesses, HBE and Uvisan, as a way of hedging our position, we have decided it is in the best interest of our shareholders that we allocate all our resources to the location based entertainment business. We believe this will maximise returns, and therefore we will be looking to spin out HBE and Uvisan, seeking external investment for both." Its shares are up 4.14% to 4.53p. 10.02am: Corero out of the red as cyber security booms

Nightcap Acquisitions

3 Acquisitions

Nightcap acquired 3 companies. Their latest acquisition was Barrio Familia on November 22, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/22/2021

$99M

Acquired

4

5/4/2021

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$99M

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10

12/15/2020

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$99M

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10

Date

11/22/2021

5/4/2021

12/15/2020

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

4

10

10

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