Eclectic raises the bar with market float

THE OWNER of some of the UK’s swankiest nightspots yesterday raised £15m in its stock market debut. Eclectic Bars, which owns clubs like Lola Lo, Po Na Na and Fez, floated on the junior stock market to fund a payout to its private equity backers, Avanti Capital. Avanti will get £11.8m from the float. Eclectic is led by Reuben Harley (pictured).