Imbiba exits NQ64 with 6x return

Imbiba’s recent exit of NQ64 generated a 6x return in 2 years.

Imbiba, now Europe’s largest investor in social entertainment businesses, invested in NQ64 during the pandemic having met Andy Haygarth two years before when he and the team opened the first NQ64 venue in Manchester’s Northern Quarter. Venues in Liverpool and Birmingham quickly followed prior to Imbiba’s investment.

Following Imbiba’s investment, the NQ64 team opened a further six sites with a strong current pipeline of future openings. At the time of Imbiba’s investment, David McDowall, currently CEO of Stonegate Group, joined the business as Non-Executive Chairman.

Lizzie Ryan, Partner & Head of Investment at Imbiba, commented: “Andy, Matt and the team at NQ64 are the very best at what they do. We are extremely fortunate to have been able to partner with them and we wish them the very best for the future.”

Imbiba recently closed a new investment fund to invest into the UK’s leading leisure and entertainment businesses. To find out more contact the team at Imbiba.