Our companies:
etc. venues

About:

 

  • A leading provider of specialist non-residential, city centre venues used for training, conferences, events and meetings
  • Highly flexible venue solutions are used by a wide range of blue chip clients and the company has built a reputation as a brand synonymous with excellent customer service and hospitality standards

 

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Key facts

Sector: Services
Location: London
Status: Current
Website: www.etcvenues.co.uk
Follow on Twitter: @etcvenues

Why we invested:

 

  • etc.venues is a strong brand and the market leader in the London non-residential venues market
  • Opportunity to support a high calibre industry experienced management team in the next phase of venue roll out
  • Ability to capitalise on maturing venues and enhance growth through development of the venue proposition to incorporate both larger scale conference sites and smaller dynamic training focused venues

The deal

Size at investment: Undisclosed
Bought from: Dunedin
Date of investment: Nov 2012
Deal type: Secondary MBO
GCP board member: James Blake

How we are making a difference:

 

  • Provided a flexible funding structure to enable management to undertake a secondary MBO and embark on the next stage of venue roll out
  • Supporting strategic agenda of developing the brand and venue proposition and expansion of London venue portfolio
  • Assisting with assessment of potential regional and international expansion opportunities

 

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ESG results

  • 70% of all waste is recycled
  • A team of ‘Green Champions’ has been established in each of the venues who have responsibility for driving all environmental activities - such as energy efficiency and locally sourcing food
  • Support for Magic Breakfast which is a charity that seeks to ensure that children in poverty do not miss the most important meal of the day and Springboard UK which is a charitable trust designed to promote careers and job creation in the hospitality sector

“GCP provided the capital we needed to achieve our ambitious expansion plans”

Alastair Stewart, Managing Director, etc. venues