Clapham House buys Real Greek Food Co

07 January 2004 by
Clapham House buys Real Greek Food Co

David Page's Clapham House Group has bought the Real Greek Food Company in a deal that will earn founders and owners, Theodore Kyriakou, Paloma Campbell and Mark Yates, up to £8.8m.

Page, former chief executive of PizzaExpress, bought the group of three London restaurants - the Real Greek in Hoxton, the Real Greek Mezedopolio next door and the Souvlaki & Bar in Clerkenwell - for an initial payout of £363,000 last month, although the owners could earn significantly more depending on future profits.

The existing management team will stay on to oversee the day-to-day management of the business, while Paul Campbell and David Page of the Clapham House Group will join the board of the Real Greek.

Page has also said he will loan the Real Greek up to £1.6m to fund further expansion of the group.

This is the first acquisition for the Clapham House vehicle, which was floated on AIM last November.

For the year to 30 September 2003, the Real Greek had earnings before interest, tax, depreciation and amortisation of £216,000 and net assets of £122,000.

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.


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