Blazehill Capital successfully exited its Fund II investment with the sale of The Brewery on Chiswell Street to Rhubarb Hospitality Collection, positioning the venue for continued growth in a recovering events industry.

Target Information

Blazehill Capital has successfully exited from its Fund II Credit Opportunities Strategy following the sale of The Brewery on Chiswell Street, one of London’s premier large-scale event venues. The company received a £14 million Senior Term Loan from Blazehill to facilitate its resurgence in demand post-pandemic. The capital was utilized not only to address legacy working capital needs but also to provide liquidity that would bolster investment and growth initiatives for both the company and its shareholders.

In August 2024, The Brewery was acquired by Rhubarb Hospitality Collection (RHC), which has been experiencing rapid growth since its acquisition by Oak View Group (OVG) in 2023. Under RHC, The Brewery continues to solidify its status as a leading venue for major conferences, awards, and dinners in the City of London.

Industry Overview

The events and hospitality industry in the United Kingdom has been undergoing a significant transformation in the wake of the pandemic. As restrictions have eased, venues such as The Brewery have witnessed a renewed sur