Founded by the owners of Living Ventures Group in 2011, the chain operates 14 pubrestaurants nationally under five sub brands: The Botanist, The Oast House, Smugglers Cove, The Trading House and The Club House.
Currently employing over 900 people from Glasgow to London, NWTC is expanding rapidly, with seven units opened in the past 14 months and more planned to open in Sheffield, York and Reading in coming months.
Chief executive Chris Hill and his senior management team will continue to run the company.
Living Ventures co-founder and chief executive Jeremy Roberts paid tribute to NWTC’s former chairman, Tim Bacon, who sadly passed away recently. The transaction was the last deal the pair worked on together.
He said: “It is particularly bitter sweet for me personally to be announcing this news today. Tim was extremely proud of the business model we have created at Living Ventures. I know he would be delighted with the achievement and I know he was pleased with the home that NWTC is going to.”
Chris Hill said: “We are delighted to be working with Graphite. Their partnership approach was attractive to us and their experience in supporting roll-outs in the pub and restaurant sector will be invaluable in the coming years.
“They share our vision for the future of the business and our enthusiasm for pushing out the traditional boundaries of the pub industry.”
Graphite has a successful track record of investing in the pub and restaurant sectors, having grown Wagamama from two units to more than 100 around the world, generating a return of over 10 times its original investment on the sale of the business in 2005.
Graphite partner Omar Kayat added: “NWTC has rapidly established itself as one of the most innovative and respected pub and restaurant operators in the market.
“The company’s multi-branded approach to all day-dining combined with live entertainment in the evening has been hugely successful nationwide. We look forward to helping Chris and his team in their continued expansion across the UK.”
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