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.

  • 01 Apr 2011

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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