Hakkasan Group Acquires Majority Stake In The h.wood GroupJune 11, 2014 By: Nightclub & Bar
Hakkasan Group, a global lifestyle company, announced the acquisition of The h.wood Group, Los Angeles’ leading nightlife and event production company. The deal positions Hakkasan Group as the majority stakeholder in all of The h.wood Group’s entities including its eventproduction company and premier nightlife venues Bootsy Bellows (Los Angeles and Aspen), Hooray Henry’s, THE NICE GUY, Blind Dragon and SHOREbar.
By acquiring a majority stake in The h.wood Group, Hakkasan Group strengthens its position in the nightlife and events industry in the U.S., and will accelerate the growth of both companies by providing guests with a diverse portfolio of unmatched offerings. The h.wood Group will remain headquartered in Los Angeles as a subsidiary of Hakkasan Group, and will continue to be led by founders John Terzian and Brian Toll, who will reportdirectly to Hakkasan Group President Nick McCabe.
“We are thrilled to welcome The h.wood Group, and specifically John and Brian, to the Hakkasan Group family. Their concepts will be remarkable additions to our portfolio and very complementary to our existing brands including Hakkasan Beverly Hills and Herringbone at The Mondrian. With the acquisition now complete, we look forward to providing capital resources to The h.wood Group as they pursue significant growth both in LA and beyond,” said Nick McCabe, President of Hakkasan Group.
"Hakkasan Group is aligned with The h.wood Group’s strategic priorities for expansion, and with this partnership we have the ability to leverage their global infrastructure to further expand our successful brands and operations across key markets,” said John Terzian, co-founder of The h.wood Group.