The company, established as a franchise restaurant in Nottingham in 1994 by Robert Beacham and John Whitehead, currently operates 14 sites across the UK and has already earmarked two sites in Birmingham and Swansea to open next year.
Co-managing director Whitehead said: “We are excited by Livingbridge’s endorsement of our business and with their investment look forward to expanding our estate and opening more successful bistrots. The whole process leading up to the deal has been smooth and we are now relishing the new years of growth with our partners.”
Le Bistrot Pierre delivered revenues of £18m and profits of £2m this year. Whitehead said the Livingbridge investment would optimise its current estate and accelerate expansion plans.
Benoit Broch, director at mid-market private equity business Livingbridge, said:“Bistrot Pierre is precisely the sort of business that we love working with – they have a fantastic management team, a proven business model and a really differentiated offering and we are really excited about our future partnership with them having had the pleasure of getting to know Robert, John and the team over the past year."