wagamama Acquired by Duke Street

Duke Street has reached an agreement with Lion Capital to acquire wagamama, a London-based chain of Japanese-style noodle bars in the UK.
The transaction, whose amount remained undisclosed, is expected to close during this month.
Hutton Collins, which already invested in wagamama, has provided supportive mezzanine and equity financing.
In addition, GE Capital, Investec and Lloyds have arranged and underwritten a senior secured debt package to fund the acquisition, as well as working capital and capex facilities to support the roll out of new restaurants in the UK and abroad.
Established in 1992 and led by CEO Steve Hill, Wagamama has grown to 70 restaurants in the United Kingdom, three restaurants in the United States and a franchise operation with 36 restaurants in 16 countries across Europe, the Middle East and Australia and Asia.

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