BGF backs Peyton and Byrne with £6.25m

The investment, made in exchange for a minority stake, will support the company's plans to open further high-street retail bakeries over the next four years. It will also facilitate new restaurant launches and consequently create around 100 new jobs.

The GP was introduced to the company by Sam Fuller, managing director and head of leisure at Altium Capital.

Company
Founded in 2005 and based in London, Peyton and Byrne is a restaurant group, retail bakery and events business. The company currently operates eight restaurants at London attractions including The National Gallery, the Royal Academy of Arts and Kew Gardens.

The firm also provides catering for private functions at venues including the Wallace Collection and Lancaster House, runs café outlets in central London and offers events catering.

In 2012, the firm reported revenues reaching almost £20m.

People
BGF has appointed Mike Johnson – former CEO of Whitbread's restaurant division, which includes the Costa, TGI Fridays and Café Rouge brands – as non-executive chairman of Peyton and Byrne. BGF investment director Alistair Brew will join the company's board.

Advisers
Equity – Baker Tilly (Financial due diligence); CMS Cameron McKenna (Legal).
Company – Altium Capital (Corporate finance); Speechly Bircham (Legal); Brebners (Tax).

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• Topics
• UK / Ireland
• Consumer
• Expansion
• United Kingdom
• BGF (Business Growth Fund)
• Baker Tilly
• CMS Cameron McKenna
• Speechly Bircham