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Gail owners prepare sale plan after rapid growth


The owners of Gail’s, the bakery and cafe chain, are preparing to hire advisers for a sale that would value it well above the £200 million price tag at which it changed hands almost three years ago .

Sky News understands that Bain Capital Credit and EBITDA Investments, a fund backed by serial restaurant investor Henry McGovern, are drawing up plans to appoint bankers, potentially before the end of this year.

Gail’s, which is also part-owned by former Channel 4 chairman and leading entrepreneur Luke Johnson, has grown rapidly in recent years.

Part of Bread Holdings, its sister company, The Bread Factory, is a leading independent bread producer supplying high-end customers and supermarkets.

The group changed hands in September 2021 in a deal valued at more than £200 million.

At the time, Gail’s had just over 70 bakeries across the country, and that number now stands at more than 100.

Although concentrated in London, it now has sites in locations including Brighton and Oxford.

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Sources said a formal sales process was unlikely to take place until next year.

Mr. Johnson’s Risk Capital Partners initially partnered with Gail’s co-founder and managing director Tom Molnar in 2011.

Bain Capital declined to comment, as did Mr. Johnson.


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