Minority stake acquired in LEON Restaurants for £25 million

Minority stake acquired in LEON Restaurants for £25 million
19/05/2017 - 11:55
Investment company Spice Private Equity has agreed to acquire a minority stake in LEON Restaurants, investing approximately £25 million.

The investment, which makes Spice the largest shareholder in the healthy fast food chain, will help LEON to pursue its growth plan in the UK and internationally.

John Vincent, LEON’s co-founder and CEO, said: “To be successful LEON needs the right purpose, the right leaders and the right investors. To become the world's leading naturally fast food company we need partners who share the vision and can help make it happen. We are fortunate to have been approached by many potential partners.

“The decision to say yes to Spice was because of the high regard I have for the individuals of GP Investments, who manage Spice. I am also delighted that Active, our existing investor who has been so helpful to our growth, is participating in this fundraising too.”

LEON currently has 50 sites, including two in the Netherlands.

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