Lion Capital looking to sell Wagamama
Lion Capital is looking to divest its 88% stake in restaurants chain Wagamama, according to reports.
The sale could fetch up to £250m. Lion Capital considered floating the business back in 2007 but shelved the plan due to market volatility - a predicament shared by many private equity-backed companies over the past few years.
Lion Capital bought a controlling stake in Wagamama from Graphite Capital in 2005, for £102.5m. The UK-based noodle bar chain has 105 outlets, including 66 in the UK, and employs more than 2,300 people. It posted a £101m turnover for 2008.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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