Lonsdale Capital Partners has acquired a majority stake in Nightlight Leisure Ltd, which trades under the name Simmons Bars (“Simmons”). Lonsdale’s investment includes a growth capital facility to help fund the further rollout of Simmons sites.
Simmons began as a single bar in King’s Cross in 2012. Today, it has 12 bars across central London offering a variety of cocktails, beers, wines and spirits, and is forecast to generate revenues of around £10 million for the year ending 31 March 2018. Appealing primarily to 18-27-year-old young professionals and students, Simmons is known for its extended happy hours, good value and house party atmosphere. Simmons is led by 30-year-old entrepreneur Nick Campbell, who started working with the business in 2012. Nick has over ten years’ experience running bars and nightclubs.