Private equity buyers circle Grand Union
Adam Marshall (pictured) and Adam Saword, founders of London-based pub chain Grand Union, could sell the business to a private equity company following interest from potential buyers.
Marshall confimed to Cateresearch.com that the company had appointed advisers from Cavendish Corporate Finance to look at potential buyers for the group, following reports in the Daily Telegraph. But he declined to reveal which firms had expressed an interest in the business.
Grand Union, which came in at number 52 in the Sunday Times Fast Track list of UK's quickest-growing companies by sales earlier this year, is thought to be worth in excess of £10m.
Marshall and Saword founded Grand Union in 2006 with their first bar in Camden. The company has since grown to 11 sites across the capital, with its 12th site set to open in Paddington at the end of this week. The firm also plans to move out beyond London and into the home counties.
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By Neil Gerrard
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