Upmarket caterer group mulls potential sale

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


Share this article



Latest Businesses for Sale

Indoor Trampolining Adventure Park
Telford, Shropshire, West Midlands, UK

Indoor trampoline park offering a wide variety of activities including, dodgeball, battlebeam, jump tower, interactive wall, bouldering wall, inflatables, Ninja warrior, basketball, toddler area, mini football pitch, dance school, tricking classes, s...

Asking Price: £950,000
Turnover: £1,000,000

LEASEHOLD


Assets of a Removal Company (Fast Sale)
UK Wide

Viewing: Thursday 23 May 2019 between 9am and 12 Noon. (By appointment only). Closes From 12 Noon Tuesday 28 May 2019.

Asking Price: Offers Invited
Turnover: < £500k

Recruitment Agency
UK Wide

Formal offers for the business as a whole to be received no later than 12 noon on Friday 24 May 2019. An opportunity exists to purchase the business and assets of a Recruitment Agency Start-up Business.

Asking Price: Offers Invited
Turnover: £381,186


View more businesses for sale

News Search

Latest News

 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

 
15
 
May
 

Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE

Challenge TRG Group, headquartered in Wigan, has successfull...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
21
 
Sep
 

Cycle retailer seeks buyer | BUSINESS SALE

Evans Cycles have entered the market and are on the hunt for...

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