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UK restaurant chain Pho receives £5.2m ISIS Equity investment

31 Jul 2012

ISIS Equity Partners has invested £5.2m in Vietnamese street food restaurant chain Pho through funds from the Baronsmead VCTs.

The London restaurants have garnered rave reviews from the UK’s Sunday Times and Evening Standard newspapers, as well as being named ‘Best Emerging Concept’ at this year’s Retailers’ Retailer of the Year Awards

Benoit Broch from ISIS said, We are very excited to support Pho’s continued growth and success.

“Upon meeting Pho over a year ago, we immediately recognised the strength and relevance of its offering and the significant potential that lay ahead.

“We look forward to supporting Stephen, Jules and their team in the continued growth of the business.”

Broch will join the Pho board as part of the financing deal.

Pho was advised by the Corporate Advisory Services team at Zolfo Cooper, while DLA Piper were legal advisers to the company.

ISIS marked the last investment from its fourth fund in May by buying inov-8, a technical sports trainer maker that counts English adventurer Bear Grylls as one of its customers.

The firm, whose notable investments include Wiggle, the online bicycle retailer sold at the end of last year to British mid-market major Bridgepoint, said it would support the company’s expansion into new markets.

Copyright © 2012 AltAssets

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