Yo! Sushi owner in bidding for burger chain
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The owner of Yo! Sushi is battling rival private equity firms to acquire Byron, the upmarket burger chain, for £100m.
Quilvest, which acquired the sushi chain in 2008, and Searchlight Capital Partners are understood to be among the private equity houses through to the second round of bids for Byron.
Byron is owned by Gondola Holdings, which has teamed up with DC Advisory for the sale. The burger company nearly doubled pre-tax profits to £2.2m, on sales of £28.6m, over the year to July 2012 and is forecast to post underlying profits of more than £10m this financial year.
Gondola, which is controlled by the private-equity firm Cinven, also owns the Pizza Express, Zizzi and Ask chains.
Tom Byng founded Byron in 2007 after four years in the US during which he ate "enough hamburgers to sink the Titanic".
All parties declined to comment.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments