Underdog Restaurants Limited

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Underdog Restaurants Limited - overview

Established

2006

Location

London, -, UK

Primary Industry

Travel & Leisure

About

Based in the UK, Underdog Restaurants Limited operates Hawksmoor, a high-quality steakhouse offering premium dining experiences in urban settings. Underdog Restaurants Limited, founded in 2006 and headquartered in London, UK, specializes in high-end steak dining. In July 2013, the company was acquired by Graphite Capital Management for GBP 40 million, marking a significant investment in its growth. The founder's background in the restaurant industry has contributed to the establishment of this brand in the competitive market of upscale dining.


Hawksmoor specializes in high-quality steak dining across major UK cities, including London, Manchester, Liverpool, and Edinburgh. Their offerings feature a variety of steak cuts from native-breed grass-fed cattle, alongside sustainably sourced seafood and seasonal produce. The menu emphasizes dry-aged sharing steaks and traditional British dishes, catering to steak enthusiasts and families. Hawksmoor also provides private dining options and outdoor events in collaboration with venues like The Grove hotel, enhancing the dining experience for various customers, including theatre-goers.


In 2023, Hawksmoor reported a revenue of GBP 111,682,984. 20, with an EBITDA of GBP 9,076,994. 70. The company generates income through direct transactions at its restaurant locations, featuring fixed-price meal options and special events that cater to group celebrations and private dining.


Following the acquisition by Graphite Capital Management in July 2013, Hawksmoor plans to leverage the GBP 40 million investment to expand its restaurant locations into new urban markets within the UK, targeting major cities for establishment by 2025. The funding will also support the introduction of new menu items designed to enhance the dining experience and attract a broader customer base.


Current Investors

Graphite Capital Management

Primary Industry

Travel & Leisure

Sub Industries

Other Food Products, Restaurants & Nightlife

Website

www.thehawksmoor.com

Company Stage

Mature - Buyout

Total Amount Raised

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Underdog Restaurants Limited - timeline of key events

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Underdog Restaurants Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedUnderdog Restaurants Limited-

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