Pret owner set to buy Côte

Mon, 29 Apr 2013 | BUSINESS SALE

Pret a Manger's owner, private equity firm Bridgepoint, is set to buy the brasserie restaurant chain Côte.

Business tycoon Richard Caring currently owns Côte, but the business is looking for a buyer after undergoing around six years of rapid growth. Indeed, the latest set of accounts show a profit increase in 2011 of over 200 per cent, making the business one of the UK's fastest growing restaurant companies.

Bridgepoint is thought to have entered a price of around £100 million for the deal. It is the frontrunner in the bidding after seeing off competition from a number of other potential buyers, including TA Associates and Investcorp.

The likely buyer already owns a number of consumer-facing businesses, including Fat Face and Hobbycraft. Caring, meanwhile, is focusing in on his higher-end businesses, such as London's The Ivy restaurant and Le Caprice.

The first branch of Côte was opened in Wimbledon back in 2007 after the business was founded by Andy Bassadone and Chris Benians, who launched Italian restaurant chain Strada. The firm has since grown to a chain of around 40 restaurants across the country with plans to open a further 12 sites this year.

____________________________________________________________________________
Related news:
Cote sale could be on the cards
View the latest food businesses for sale


Share this article



Latest Businesses for Sale

National Reprographics & Flexo Plate Manufacturer (Fast Sale)
UK Wide

Opportunity to acquire the Business & Assets of :- A Well Established National Reprographics and Flexo Plate Manufacturer. Expressions of interest are to be made by COB Thursday 17 October 2019. All offers are to be received by Midday Wednesday 23 Oc...

Asking Price: Offers Invited
Turnover: £5,513,440

Electrical Installation & Service Retailer
West Midlands, UK

Service retailer member of Europe's largest buying group. Additional gift shop in the business with additional income streams. Business across 2 units (Retail & Storage, admin & service). Sale and installation and of aerials, satellites and CCTV. Of...

Asking Price: £249,999
Turnover: £530,000

LEASEHOLD


Care Agency
Cumbria, UK Wide

Well established care agency for sale. Situated in a predominantly residential area close to the town centre. Thriving business with ample growth potential. Highly reputed with regular and repeat trade. Offers invited.

Asking Price: £649,950
Turnover: £761,284

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
16
 
Oct
 

Automotive supplier completes MBO | MBO/MBI

An automotive products supplier located in South Yorkshire h...

 
15
 
Oct
 

Tomlinsons Dairies falls into administration | ADMINISTRATION

Wrexham-based dairy firm Tomlinsons Dairies has announced to...

 
14
 
Oct
 

PE firm snaps up independent video game firm | BUSINESS SALE

Private equity firm NorthEdge Capital has successfully acqui...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
19
 
Sep
 

Pret A Manger weighing up sale to Filipino food group | BUSINESS SALE

British sandwich chain Pret A Manger is mulling over a sale ...

 
19
 
Apr
 

Oasis dentistry chain for sale | BUSINESS SALE

The company behind Oasis Healthcare is reportedly preparing ...

 
03
 
Apr
 

Bridgepoint buys Oasis Healthcare | BUSINESS SALE

The Oasis Healthcare business has been bought by private equ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources