Tamweel advises the shareholders of Swingers in a deal backed by Cain International

Photograph : © Luke MacGregor

Tamweel is pleased to announce its latest transaction, a multi-million pound fundraise for Competitive Socialising, the parent company of leading experiential leisure brand Swingers.

Swingers was founded in 2014 by Jeremy Simmonds and Matt Grech-Smith. It is one of the UK’s most creative eating and drinking out formats, with an offering that combines crazy golf, street food and cocktails in a highly immersive hospitality setting.

The deal was backed by Cain International, a cross-border private investment firm deploying debt and equity capital across real estate, leisure and lifestyle businesses. The investment adds to Cain’s growing portfolio and provides Competitive Socialising with substantial capital to launch Swingers in the US as well as a new experiential concept in the UK.

Tamweel advised the shareholders, ran a structured process, managed the transaction and led the deal through to completion.

Jeremy Simmonds, co-Founder and co-CEO of Competitive Socialising, referring to Tamweel said:

“Ali and Adam are a phenomenal duo who delivered a great result for our business. Ali’s sophisticated negotiating style, coupled with Adam’s relentless attention to detail was instrumental in completing a complex transaction. During the process Tamweel became an integral part of the Competitive Socialising management team; living and breathing the business alongside us. We were impressed with their passion and the level of attention they devoted to our deal and we look forward to working with them again in the future.”

Jonathan Goldstein, CEO of Cain International, commented on the deal:

“Jeremy and Matt have pioneered the fast-growing competitive socialising leisure space. They’ve developed an exciting, dynamic and highly profitable business with a much-loved brand in a short space of time. We are excited to partner with them and bring both our international footprint and our experience with other real estate-backed leisure and hospitality concepts such as The St. James, Mortimer House and AllBright, to roll out their successful concept globally.”

Ali Aneizi, from Tamweel, added:

“With all of the current Brexit uncertainty it’s great to see a cross-border investor, backing a UK business going global. The magic of Swingers, the execution skills of Jeremy & Matt combined with Cain’s financial muscle and international footprint will turbo-charge growth. Watch these guys, they’re going to knock it out of the park.”