Gondola

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Activity
Casual dining operator
Location
UK
Acquired
November 2006/January 2007
Transaction value
£886 million
Sales*
£453.1 million
Employees
Over 12,000
*12 months ending June 2008 (audited)
Go to www.gondolaholdings.com for more information about Gondola
Gondola
34 new restaurants opened in 2008

 

Gondola

Business description
Gondola is the leading restaurant operator in the UK casual dining sector, with 587 sites, trading under the brands PizzaExpress, ASK, Zizzi and BYRON. It also runs a retail operation that sells PizzaExpress branded products to supermarkets.

Cinven strategy
Gondola was an attractive acquisition opportunity for Cinven due to its strong brands, ‘high volume, low ticket’ business model and strong growth opportunities. Cinven’s strategy is to accelerate the ‘roll-out’ of Gondola’s brands while controlling costs, introduce ‘best practice’ throughout the group, and make selective acquisitions. Cinven is executing the strategy with a mix of newly introduced and existing management.

Cinven representatives

Peter Catterall
Yagnish Chotai
Charles Miller-Jones

Senior management

Chris Woodhouse
Chairman
Harvey Smyth
Chief Executive Officer
Nick Carter
Finance Director

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