Mon, 08 Oct 2012 | BUSINESS SALE
The Byron burger chain is understood to be up for sale, with a number of investment banks thought to be interested.
Reports from the Sunday Telegraph suggested that Bank of America, Merril Lynch and Barclays are among the companies vying for a prime cut of the popular chain.
A full exit for private equity house owners Cinven is thought to be unlikely due to the current consumer climate at the moment. However, a float and a full or partial sale have been discussed.
Gondola Holdings, the company behind Byron, as well as other popular chains Pizza Express and Zizzi, originally considered a sale of the entire group but has now settled for a sale of the burger chain for a price upwards of £100 million.
The paper's sources confirmed that Gondola has been discussing future options for the chain with a number of possible advisers after the company's strong growth saw it become Gondola's engine for growth. Indeed, Byron made a profit of £1.09 million on sales of £17.5 million in the year to June 2011 and has expanded from one restaurant in 2007, to 25 in London alone and a further two planned for Oxford and Kent.
Operates across a diverse range of sectors, with no reliance on any key client accounts. Skilled workforce with extensive expertise within the sector. Operates from leasehold premises in North East England. Offers invited
LEASEHOLD
The business for sale is a family owned, electrical appliance retailer and wholesaler based in Stalybridge, Greater Manchester. This business sells a wide range of freestanding and integrated kitchen and home appliances from washers, dryers, sinks, k...
LEASEHOLD
Now available to the market is this brilliant furniture manufacturing company in the south of England. Trading since 1996, this family run business has been supplying high quality wardrobes complete with sliding or hinged doors, with the ability to m...
LEASEHOLD
|
06
|
|
Dec
|
KPMG agrees to sell pensions arm | DIVISION SALE
Professional services network KPMG has announced that it has...
|
05
|
|
Dec
|
What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS
Private business mergers and acquisitions expert Sue Green o...
|
05
|
|
Dec
|
MBO at Bolton-based delivery comparison firm | MBO/MBI
Bolton-based parcel delivery price comparison company Parcel...
Sign up to receive our acquisition alert emails to get your FREE guide
|
10
|
|
Jan
|
Burger chain Byron to sell up amid restructure | BUSINESS SALE
Popular high street burger selling chain Byron has announced...
|
08
|
|
Aug
|
Potential sale of Pizza Express owner | BUSINESS SALE
Buyout firm Cinven is mulling a possible sale of Pizza Expre...
|
05
|
|
Jun
|
London burger chain sale | BUSINESS SALE
Bidders are pushing to get to the front of the queue to snap...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources