The sale comes a few months after original plans to sell the 34-strong chain were scrapped by Gondola – which also owns Pizza Express and ASK – due to price expectations not being met.
Byron’s management team, led by founder Tom Byng, will remain with the business and the new owners have already stated that they want to expand it by as many as 10 sites a year.
“We are delighted to be investing in such a pioneering brand,” said Graham Hutton, a managing partner at Hutton Collins. “Byron has a clear road map for growth and a talented team in place to deliver it.
“We are excited to be working with Tom and the entire Byron team, and are looking forward to bringing the Byron burger experience to many more diners across the UK.”
According to our sister title M&C Report, which broke the Byron sale news on Friday– the burger chain has already secured sites in Milton Keynes, Shoreditch, London’s Langham Place, Hammersmith and the Strand for upcoming openings.