We are delighted to announce that the Imbiba EIS Fund 3 has in fact been oversubscribed and has successfully raised its maximum investment of £6 million and closed.
The Imbiba EIS Fund 3 was established to carry on from the two previous and hugely popular Imbiba EIS Funds.
The Fund is investing into two of our established EIS bar, restaurant and events businesses Darwin & Wallace and Camm & Hooper. Investors will receive a spread of bar and restaurant EIS investments, focused on central London.
Darwin & Wallace has opened its first location, No.11 Pimlico Road near Sloane Square, and its new site, No.32 on Clapham Common, opens this Thursday, 19th June 2014.
Camm & Hooper’s first two units are Tanner & Co in the foodie hub of Bermondsey, and the impressive Banking Hall in Cornhill next to Bank tube station.
The Imbiba team continues its stellar track record in the bar and restaurant sector, having exited 9 ventures over the last 17 years returning in excess of 35% IRR before the benefit of EIS tax relief. Our most recent sale of Drake & Morgan in 2013 delivered a 5.7x return to EIS investors, further proving their ability to exit EIS investments in a timely manner with outstanding returns.
If you would be interested in finding out more about similar EIS opportunities please click here to register your interest and receive updates.