Thu, 05 Aug 2010 | BUSINESS SALE
Hugely successful Pan-Asian restaurant chain Wagamama is being put up for sale by its private equity owner, Lion Capital.
Wagamama has expanded to 105 outlets, both in the UK and overseas, since its opening in 1992. The most recent annual report showed that its sales for the year to April 2009 rose 13 per cent to £101 million.
Lion Capital, which bought an 88 per cent stake for £102 million in 2005, is hoping the current price tag will be around £250 million.
Directors said the firm had “considerable potential for growth” over the long term.
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