Caffe Nero boss agrees deal to take company private

07 December 2006
Caffe Nero boss agrees deal to take company private

Caffè Nero founder and chief executive Gerry Ford has agreed the management buyout of the 282-strong coffee shop chain.

The new owner is with Rome Holdco, which was set up for the purposes of the deal by Ford. The sale represents a 15.1 multiple on earnings before interest, tax, depreciation and amortisation and values the group at 270p per share.

Ford, who hopes the move private will squeeze extra value out of the business, said: "I believe the next stage of the company's development will be best achieved in the private arena as we continue our expansion plan going forward."

By Tom Bill


Sales and profits surge at Caffè Nero but firm's takeover status remains unknown>>
Caterersearch 100: Gerry Ford>>

E-mail your comments to Tom Bill](mailto:Tom.bill@rbi.co.uk?subject=Caffe Nero deal to go private) here.

Get your copy of Caterer and Hotelkeeper every week -

[Sudoku](http://www.caterersearch.com/Articles/Article.aspx?liArticleID=302619 "A new puzzle every day!") Join the craze and play Sudoku online!
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking