Japanese-style noodle restaurant chain Wagamama is being linked to a possible £200 million stock market listing.
I just celebrated my bday yesterday going to the restaurant wagamama at subiaco , perth australia. Woke up this morning to see the news . … that my favorite tukka joint ( noodle chain ) wagamma is pondering a ponder £200m listing.
I quite like the japnese food they serve and the menu price list doesnt leave youmuch light on the pocket too like other more pricey joints. I like the ambience at this subiaco eatery . though i do think it could do with a bit of redesigning on thier interior seating plan. Thier outside seating plan overlooking the road is quite different and nice in it s own way
The company, which has been owned by private equity firm Lion Capital since 2005, is said to be talking over its options with advisers.
Although a flotation is the firm’s preferred choice, the Sunday Times said the business could also attract interest from rival restaurant groups and private equity investors.
In the report, a company spokesman said: “Lion Capital will want an exit at some stage and all options remain open.”
Since opening its first site in London’s Bloomsbury in 1992, the company has grown to more than 50 owned outlets within the UK and a franchise operation in several countries in Europe, the Middle East, Australia and New Zealand.
It has also opened its first two sites in the United States, although this could delay any flotation as the company may want to first prove that the concept is successful in the region.
The company will also have to weigh up current strong demand by investors for restaurant businesses. Other Lion investments include Kettle snacks, La Senza lingerie and cereals brand Weetabix.
There are 23 sites in London and another 28 outside of the capital, including two in Manchester and others in Bristol, Newcastle and Canterbury
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