Duke Street to raise £115m for Wagamama acquisition
GE Capital, Investec and Lloyds are underwriting £115m of senior loans supporting Duke Street Capital’s acquisition of restaurant chain Wagamama from Lion Capital. Hutton Collins has provided £30m of mezzanine financing and £50m of equity for the takeover.
Senior loans comprise £90m of drawn debt, and a revolver and capex facility totalling £25m.
The deal is understood to value Wagamama at £215m, and Hutton Collins will take a minority stake in the business.
The Japanese-style noodle bar chain has 70 restaurants in the UK, three in the US,
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