Michael Solomons and Andrew Pear of BM Advisory LLP acted as joint administrators.
The Hummingbird Bakery (Hummingbird) has announced that it has been acquired by Acropolis Capital, enabling the business to honour thousands of Valentine’s Day orders across London.
Acropolis Capital acquired the Hummingbird business and brand through a pre-pack administration process, securing the ongoing operation of Hummingbird’s shops in Notting Hill, South Kensington and Spitalfields, and protecting over 60 jobs.
Acropolis Capital, a London based family investment office, is a long-term investor with a strong track record of investing in leisure and hospitality businesses. It has committed meaningful capital to support Hummingbirds’ recovery and future growth.
Cameron Chartouni, CEO of Acropolis Capital, comments: “We are incredibly excited to be the new owners of this iconic brand and look forward to working with the talented team at Hummingbird. We see huge potential to reinvigorate and grow the business while staying true to its American baking heritage.”
Michael Solomons and Andrew Pear of BM Advisory LLP, restructuring, recovery and insolvency specialists, were appointed as joint administrators and were advised by Howard Kennedy LLP and Gordon Brothers. Acropolis Capital was advised by Gateley Legal.
Michael Solomons comments: “Whilst the ongoing Coronavirus pandemic continues to affect businesses across the country and globally, we are delighted to announce the conclusion of a successful sale of the Hummingbird business to Acropolis Capital, ensuring the ongoing operations of this much loved brand. The sale preserves jobs and ensures continuity of service for the Company’s loyal customer base”.