London-based Beringea LLC, a private equity firm, with offices in Farmington Hills, is helping to provide funding for Coal Grill and Bar to begin its next phase of expansion. Beringea invests in portfolio companies operating in a range of sectors, including health care, clean technology, manufacturing, media, Internet technologies, and specialized consumer products.
With six high-volume casual dining restaurants in England, Coal Grill and Bar will open up to six restaurants per year for the next three years with the funding.
“Coal Grill and Bar has a formula which has proved extremely popular,” said Stuart Veale, managing partner at Beringea. “The success of the business to date is a testament to John Gater, the company’s founder, and his team. We look forward to supporting Coal Grill and Bar as it continues its expansion throughout the U.K.”