Gondola Group
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Gondola Group
Gondola Group was a chain restaurant operator in the United Kingdom and Republic of Ireland, Ireland. It operated several casual dining brands: *Byron Hamburgers, sold to Hutton Collins for £100 million in October 2013. *Kettners, champagne bar and restaurant (one site in London), sold in 2013/2014. *PizzaExpress, sold to the China based private equity firm Hony Capital in July 2014 for £900 million ($1.54 billion). *Ask (restaurant), ASK Italian and Zizzi, Italian food. Sold to Bridgepoint Capital in February 2015 for £250 million.Bridgepoint press release 9 February 2015: ''Bridgepoint completes £250 million acquisition of ASK Italian and Zizzi''
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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PizzaExpress
PizzaExpress is a British multinational restaurant group, owned by a group of bondholders. It has over 470 restaurants across the United Kingdom and 100 overseas in Europe, Hong Kong, China, India, Indonesia, Kuwait, the Philippines, the United Arab Emirates, Singapore and Saudi Arabia. It was founded in 1965 by Peter Boizot. In July 2020, the business was taken over by its bondholders under a debt-for-equity swap with previous owner Hony Capital. In November 2020, Hony Capital left the business and the group restructure was completed, helping to cut the casual dining chain's debt by more than £400 million. History Founded in 1965 by Peter Boizot, PizzaExpress opened its first restaurant in London's Wardour Street. Inspired by a trip to Italy, Boizot brought back to London a pizza oven from Naples and a chef from Sicily. It was announced in 2020 that the Wardour Street branch would shut, and the site has since closed. In 1969, jazz performances began at its Dean St ...
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Restaurants In The Republic Of Ireland
A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services. Restaurants vary greatly in appearance and offerings, including a wide variety of cuisines and service models ranging from inexpensive fast-food restaurants and cafeterias to mid-priced family restaurants, to high-priced luxury establishments. Etymology The word derives from early 19th century from French word 'provide food for', literally 'restore to a former state' and, being the present participle of the verb, The term ''restaurant'' may have been used in 1507 as a "restorative beverage", and in correspondence in 1521 to mean 'that which restores the strength, a fortifying food or remedy'. History A public eating establishment similar to a restaurant is mentioned in a 512 BC record from Ancient Egypt. It served only one dish, a plate of cereal, wild fowl, an ...
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Bridgepoint Capital
Bridgepoint Group plc is a British private investment company listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Bridgepoint was founded as NatWest Equity Partners, a private equity firm part of NatWest. The firm was renamed Bridgepoint Capital in May 2000 following a management buyout. In May 2001, Bridgepoint closed its first fund following its independence from NatWest. The fund closed at €2 billion, and made its first investments in WT Foods, Virgin Active and Hydrex. The firm closed its Europe II fund in 2001 and its Europe III fund in 2005. Bridgepoint closed its Europe IV fund in 2008 for €4.8 billion. In 2011, the firm was renamed Bridgepoint Advisers. In March 2015, Bridgepoint closed its latest €4 billion Bridgepoint Europe V fund, bringing to €20.5 billion the amount of committed capital raised to date. In August 2018, Dyal Capital Partners acquired a minority stake in Bridgepoint. In 2021 Bridgepoint closed its £ ...
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Zizzi
Zizzi is a chain of Italian-inspired restaurants in the United Kingdom and Ireland. In February 2015, Bridgepoint Capital completed a £250 million acquisition of ''ASK Italian'' and ''Zizzi'', and subsequently bought by TowerBrook Capital Partners in 2020. Locations ''Zizzi'' opened their first restaurant in Chiswick in 1999. As of March 2022, the ''Zizzi'' portfolio includes about twenty five London restaurants. Other footprints in major cities, include: Birmingham, Bristol, Leeds, Liverpool, Manchester, Nottingham, and Sheffield. Their restaurant estate also includes: Aberdeen, Cardiff, Dublin, Edinburgh, and Glasgow. On 17 July 2020, during the COVID-19 pandemic, Azzurri Group, owner of the ''Zizzi'' and ''ASK Italian'' chains, announced the closure of 75 restaurants with the loss of up to 1,200 jobs. Notable incidents Strand self-harm incident On 22 April 2007, a 35-year-old Polish man entered the ''Zizzi'' restaurant on The Strand and made his way into the kitchen, whe ...
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Ask (restaurant)
Ask is the active verb for a direct question. Ask may also refer to: Places * Ask, Akershus, a village in Gjerdrum municipality, Viken county, Norway * Ask, Buskerud, a village in Ringerike municipality, Viken county, Norway * Ask, Vestland, a village in Askøy municipality, Vestland county, Norway * Ask, Iran, a village in Mazandaran Province People * Ask la Cour, Danish ballet dancer * Beatrice Ask (born 1956), Swedish politician * Morten Ask (born 1980), Norwegian ice hockey player Other * Ask (horse), a British Thoroughbred race horse * "Ask" (song), a 1986 song by The Smiths * Ask and Embla, in Norse mythology * Ask price, in economics * Ask.com, a web search engine, formerly Ask Jeeves * Ask.fm, a social Q&A web site * "Ask", a song by Avail from ''Over the James'' See also *ASK (other) Ask is the active verb for a direct question. Ask may also refer to: Places * Ask, Akershus, a village in Gjerdrum municipality, Viken county, Norway * Ask, Buskerud, a vil ...
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Hony Capital
Hony Capital is a Chinese private equity firm, owned by Legend Holdings. Legend Holdings provided Hony, a pioneer in China's private equity industry, with its start-up capital. Hony has about US$10 billion under management. Hony also invests in overseas consumer brands in order to create value by expanding their presence in China. Hony Capital has invested in the areas of pharmaceutical and healthcare, consumption and catering, culture and media, environmental protection and new energy, as well as high-end manufacturing. Hony's portfolio companies include China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, Shanghai City Investment Holdings, Shanghai Jin Jiang International, ENN, PizzaExpress (UK), STX (US), WeWork (US), etc. In July 2012, Hony Capital became the first private equity company registered in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. Since 2014, Hony Capital has established Hospital Corporation of China and Best Food Holding Compan ...
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Private Equity Firm
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies. Typically, a private equity firm will raise pools of capital, or private-equity funds that supply the equity contributions for these transactions. Private equity firms will receive a periodic management fee as well as a share in the profits earned (carried interest) from each private-equity fund managed. Private equity firms, with their investors, will acquire a controlling or substantial minority position in a company and then look to maximize the value of that investment. Private-equity firms generally receive a return on their investme ...
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Hutton Collins
Hutton Collins Partners is a London-based private equity firm founded in 2002 by Graham Hutton and Matthew Collins, who are both partners in the firm. They own a stake in the Byron Hamburgers chain, which was purchased for £100 million in October 2013 from Gondola Group Gondola Group was a chain restaurant operator in the United Kingdom and Ireland. It operated several casual dining brands: *Byron Hamburgers, sold to Hutton Collins for £100 million in October 2013. *Kettners, champagne bar and restaurant (one .... In 2017 Hutton Collins sold majority stake in Byron Hamburgers to Three Hills Capital Partners, retaining a minority stake. References External links Official website Private equity firms of the United Kingdom Investment banking private equity groups Financial services companies established in 2002 Financial services companies based in London {{UK-private-equity-company-stub ...
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Restaurant
A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services. Restaurants vary greatly in appearance and offerings, including a wide variety of cuisines and service models ranging from inexpensive fast-food restaurants and cafeterias to mid-priced family restaurants, to high-priced luxury establishments. Etymology The word derives from early 19th century from French word 'provide food for', literally 'restore to a former state' and, being the present participle of the verb, The term ''restaurant'' may have been used in 1507 as a "restorative beverage", and in correspondence in 1521 to mean 'that which restores the strength, a fortifying food or remedy'. History A public eating establishment similar to a restaurant is mentioned in a 512 BC record from Ancient Egypt. It served only one dish, a plate of cereal, wild fowl, and o ...
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Byron Hamburgers
Famously Proper Limited, trading as Byron, is a British restaurant chain offering a casual dining service with a focus on burgers. The chain was founded in 2007 by Tom Byng. In July 2020, during the COVID-19 pandemic in the United Kingdom, the chain closed outlets as part of a deal transferring 21 remaining sites and 551 staff to a new owner, Calveton UK. Locations The burger chain is UK-based. In August 2020, it had 21 locations across the UK. History The burger chain was founded in London in 2007 by Tom Byng, who developed the idea for the company while living in New York City, during which time he would regularly eat at the Silver Top Diner in Providence, Rhode Island. The chain was owned by Gondola Group, which also owns Ask and Zizzi. Gondola announced plans to sell Byron in October 2012. Potential buyers included Quilvest, owners of YO! Sushi. In June 2013 Gondola stated that it was abandoning plans to sell Byron, after offers failed to reach the company's estimate ...
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Casual Dining
Restaurants fall into several industry classifications, based upon menu style, preparation methods and pricing, as well as the means by which the food is served to the customer. This article mainly describes the situation in the USA, while categorisation differs widely around the world. Origin of categories Historically, ''restaurant'' referred only to places that provided tables where one ate while seated, typically served by a waiter. Following the rise of fast food and take-out restaurants, a retronym for the older "standard" restaurant was created, sit-down restaurant. Most commonly, "sit-down restaurant" refers to a casual-dining restaurant with table service, rather than a fast food restaurant or a diner, where one orders food at a counter. Sit-down restaurants are often further categorized, in North America, as "family-style" or " formal". In British English, the term ''restaurant'' almost always means an eating establishment with table service, so the "sit down" qualif ...
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