Private members venue the Groucho Club on Dean Street, W1, has been sold in a management buyout backed by the owners of Caffe Nero and Krispy Kreme.
Graphite Capital has sold the 30-year old club for around £40m in a deal backed by Alcuin Capital, Isfield and several private individual investors.
Graphite is also to retain a stake in the MBO.
The firm, which has appointed Nick Hurrell as chairman, intends to begin a search for a property in New York.
Chief executive Matt Hobbs said: “Crucially, there are no plans to alter the club’s ethos or operation in any way that would change the nature of what we do and how we do it. We will continue to upgrade the old and worn-out parts of the club and continue to celebrate our 30th birthday this year.
“I hope you will join me in taking the club into our next exciting chapter with as much enthusiasm and support as you have done over the last three decades.”
