target barrio familia ltd the owner of five bars in london price 49 million pounds 66 million of which gbp36 million will be paid in cash and gbp13 million in shares rationale nightcap believes the barrio brand captures growing demand for latininspired margarita and tequilafocused bars and has significant uk rollout potential as a result of this deal the company expects fiscal 2022 expectations to be significantly ahead of current market views quotation over the past year nightcap has closely observed the significant growth of the tequila market with great interest and we believe that this acquisition has significant potential for ukwide expansion chief executive sarah willingham said stock move shares in nightcap at 0801 gmt were up 26 at 2000 pence