Wagamama Up for Sale

2nd August 2010

According to reports Wagamama is looking at putting the business up for sale for up to £250m. Lion Capital is understood to be taking another look at selling the company after cancelling a flotation on the stock market three years ago as the credit crunch worsened, according to the Sunday Times.

Wagamama has grown to 66 outlets in Britain and 39 restaurants in Europe, the Middle East and Africa, having been founded by Alan Yau in 1991. It recorded a pre-tax profit of £12.8m on sales of £98m in the year to April 2009.

Lion bought a majority stake in the business for £103m in 2005, after Yau sold out to Graphite Capital 1998.

www.wagamama.com

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