Clapham House 'Talking to Buyers'

By Alan Lodge

- Last updated on GMT

Related tags: Gourmet burger kitchen, Private equity

Clapham House - owner of the Gourmet Burger Kitchen and Tootsies brands - is said to have received offers from a number of private equity groups for each of its restaurant brands.

CLAPHAM House is reported to have received offers from a number of private equity groups for each of its restaurant brands.

The company, which owns Gordon Ramsay`s favourite takeaway chain the Bombay Bicycle Club, is also said to have held discussions with one buyout firm interested in snapping up the entire company for around £20 million.

Other chains owned by Clapham House include Tootsies and the Gourmet Burger Kitchen. The firm issues a profit warning at the end of last year in light on the slowdown in consumer spending and the forecast sent shockwaves through the sector.

According to reports in the Times, Clapham is has turned down an approach from Gondola Holdings - which owns PizzaExpress - for the Gourmet Kitchen brand after it and other private-equity firms expressed interest in buying the whole company.

Capricorn Ventures International, Clapham`s biggest shareholder with a 25 per cent stake, has also been tipped to make a bid for the company.

Related topics: Venues

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