Gondola in talks to sell Byron for £100m

09 October 2012 by
Gondola in talks to sell Byron for £100m

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.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

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

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
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