Get the latest hospitality news and inspiration straight to your inbox. Subscribe to our newsletter.

Gondola in talks to sell Byron for £100m

Written by:
Gondola in talks to sell Byron for £100m
Written by:

Gondola Holdings is in talks to sell its Byron hamburger chain for around £100m.

According to the Sunday Telegraph, private equity house Cinven, which controls the group, is speaking to investment banks including Bank of America Merrill Lynch and Barclays.

Gondola is in the process of renegotiating the terms of its £520m debt to mid 2015, allowing Cinven additional time to offload the rest of the business, which includes Pizza Express and Zizzi.

Byron made a profit of £1.09m on sales of £17.5m in the year to June 2011. The Sunday Telegraph reported that the 27 strong chain could be valued at £100m, based on predicted profits of £7-8m in 2012.

Byron to open first restaurant outside London at Bluewater >>

Byron stops serving rare burgers after local authority intervention >>

Restaurant chain Byron launches its own beer >> 

By James Stagg

E-mail your comments to James Stagg here.

TabletalkIf you have something to say on this story or anything else join the debate at Table Talk – Caterer’s new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

Blogs on

Catch up with more news and gossip on all Caterer’s blogs


For the latest hospitality news, sign up for our E-newsletters


Start the discussion

Sign in to comment or register new account

Start the working day with

The Caterer’s free breakfast briefing email

Sign up now for:

  • The latest exclusives from across the industry
  • Innovations, new openings, business news and practical advice
  • The latest product innovations and supplier offers
Sign up for free