Tue, 02 Feb 2016 | BUSINESS SALE
Rhubarb, the upmarket caterer that serves the likes of the Royal Albert Hall, is exploring its strategic options to include laying the groundwork for a potential sale.
The group is believed to have brought in investment bank Lincoln International to act as their advisor. Some who are close to the company say that a potential deal would be more likely to happen next year.
Rhubarb's backer, ECI Partners, took a significant minority shareholding in 2012, plugging in £12 million into a deal that valued the caterer at about £30 million. ECI's other interests include Evans Cycles and Great Rail Journeys.
Established in 1996, Rhubarb initially focused on being an events caterer, but forayed into fixed-site restaurants in 2008, and opened a restaurant at Heathrow's Terminal 3.
It took over three restaurants, 13 bars and 142 hospitality boxes at the Albert Hall in 2001, and took over the Sky Garden in the City of London in 2015.
The caterer also has contracts with London City airport and Ascot Racecourse. In 2011 Heston Blumenthal signed a contract with Rhubarb and joined its board of directors.
In October last year it won a £60 million contract to supply event catering at the Goodwood Estate in West Sussex, to start in March.
Find a business for sale
Metal Polishing Supplies, a highly desirable ‘Run from Home’ opportunity established by our client in May 2008. The highly profitable business is now being offered for sale due to genuine health reasons and we strongly advise early enquiries to avoid...
The business is run and managed by our client, with the help of 11 full time members of staff, 6 being qualified butchers. The business is being sold as a Freehold opportunity with 2 x 1-bedroom flats above the premises, both of which are currently l...
FREEHOLD
The business runs as a vehicle repair garage offering a range of services. The garage offer classes 1, 2, 4, 5 and 7 up to 3.5t light commercial MOT’s. Much trade is from garages that don’t have MOT bays themselves. The garage also offers repairs for...
LEASEHOLD
|
12
|
|
Nov
|
MBO at Gloucestershire bricklayers | MBO/MBI
Gloucestershire building services firm Cavendish Park Brickl...
|
07
|
|
Nov
|
Successful MBO at Homefair Blinds | MBO/MBI
Homefair Blinds has been acquired in an MBO led by a trio of...
|
06
|
|
Nov
|
SKS completes four acquisitions | BUSINESS SALE
SKS Business Services has announced the acquisition of four ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
21
|
|
Sep
|
Cycle retailer seeks buyer | BUSINESS SALE
Evans Cycles have entered the market and are on the hunt for...
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