Wagamama sold to private equity firm

Date: 2011 March 26 13:30

Posted by Joe

Japanese style noodle bar chain Wagamama has been bought by private equity firm Duke Street from Lion Capital for £215 million.

London's City AM reports that Lion capital have owned the chain since 2005 and more than doubled it's UK presence. The sale was planned since August last year. Lion were hoping to get £250 million for the sale.

Impressively the London branches of Wagamama have been known to turn over 12 sittings a day.