Sale of Wagamama by Duke Street and Hutton Collins
November 02, 2018 | NEWS
The Restaurant Group acquires Wagamama
OC&C Strategy Consultants congratulates Duke Street and Hutton Collins on the successful sale of Wagamama to The Restaurant Group. The transaction, valued at £559m, represents a very significant deal in the casual dining space.
Wagamama is an international restaurant chain with 133 sites in the UK and a further 63 Internationally. It serves authentic and fresh Japanese and pan-Asian cuisine in a social, laid-back environment, and is one of the largest and fastest growing casual dining chains in the UK. The Restaurant Group operates around 350 restaurants and pubs in the UK under a number of brands including Frankie and Benny's and Chiquito.
OC&C supported Wagamama through vendor due diligence, as well as providing strategic support as the business considered alternative International growth options. Andy McCue, Chief Executive of The Restaurant Group, described the Wagamama deal – which is expected to be completed by mid-December – as "an exciting and transformative opportunity".
For more details on this transaction or OC&C's broader experience in this space, please contact:
Tim Cook, Partner
Katherine Fiander, Associate Partner