Northern Ireland family sell off their dining club business
A dining club subscription business headed by a Northern Ireland family has been sold.
Hi-Life Diners Club was recently snapped up by the Dining Club Group, a company backed by Bridgepoint Development Capital.
The Hi-Life group is based in Northern Ireland, and its managing director is Co Down man James Tolland, who will continue in his role.
It offers subscribers two-for-one deals at restaurants across the UK, and its main business is located in Blackpool.
"We are delighted to join with the Dining Club Group to help us further promote and grow the Hi-Life brand," Mr Tolland said.
Dawn McKnight of solicitors Carson McDowell, which advised on the deal, said it "represented a new chapter for Hi-Life as it seeks to continue its growth plans across the UK".
"This is further proof that as we reach the mid-point of 2016 there continues to be huge interest in locally owned businesses operating across a number of sectors from international companies and investors," she said.
Matt Turner, chief executive of the Dining Club Group, added: "Discounted dining is part of a growing benefits sector.
"With our support, we are confident that Hi-Life can continue to broaden its geographical footprint and grow its membership and restaurant numbers."