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D&D London close to £100m flotation, according to reports

17 November 2015 by
D&D London close to £100m flotation, according to reports

Restaurant group D&D London is close to a £100m flotation, according to reports.

Private equity group LDC, which owns the business, is kicking off a roadshow to sound out investor appetite for the listing, Sky News said.

Zeus Capital, the investment bank, is overseeing the float, which could take place as early as next month.

D&D London operates 34 restaurants, with the majority in London. Its most recent opening was the German Gymnasium in London last week.

The business was born out of Conran Restaurants before it was bought out by chief executive Des Gunewardena and managing director David Loewi, who led the buyout in 2006.

Last week it was revealed that the firm would be opening a third restaurant in Leeds, this time in Hammerson's Victoria Gate development.

D&D London in stock market listing rumour >>
Turnover at D&D London hits £100m >>
D&D London to open third Leeds restaurant >>

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