- Bread Holdings, owner of Gail’s, considers sale after expansion
- Value expected to rise beyond £200m, advisors being appointed
- Expansion includes over 100 bakeries, formal sale likely next year
Next year, we may see the sale of Bread Holdings, which includes the cafe chain, following the company’s proprietors’ rapid expansion since 2021.
The proprietors of the coffee shop and bakery chain Gail’s are gearing up to engage the services of financial advisors in preparation for a sale that would significantly increase its value beyond the £200 million it was sold for almost three years ago.
A fund supported by serial restaurant investor Henry McGovern, Bain Capital Credit and EBITDA Investments are drafting strategies to appoint bankers, possibly by the end of the year.
Gail’s, an establishment that Luke Johnson, a notable entrepreneur and former chairman of Channel 4, also owns a portion of, has witnessed substantial expansion in recent times.
The Bread Factory, a subsidiary of Bread Holdings, is an industry-leading independent bread manufacturer that supplies supermarkets and high-end clients.
The group was exchanged for a sum exceeding £200 million in September 2021.
Previously, Gail’s operated just over seventy bakeries nationwide; that number has since increased to over one hundred.
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Although headquartered in London, the organisation has since expanded to include facilities in Brighton and Oxford.
According to sources, a formal sale proceeding is improbable to occur until next year.
In 2011, Mr. Johnson’s Risk Capital Partners formed an initial partnership with Tom Molnar, Gail’s co-founder and chief executive officer.
Both Bain Capital and Mr Johnson declined to comment.
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