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Hutton Collins’s dishes up more Wagamama financing

Hutton Collins has provided a combination of mezzanine and equity financing to support Duke Street’s acquisition of wagamama from Lion Capital. Hutton Collins has taken a minority equity stake, while the rest of the business will be held by Duke Street and management.  

Funds managed by Hutton Collins Partners have invested in Wagamama on two previous occasions, initially supporting Graphite Capital in its 2004 recapitalization of the business, and subsequently backing Lion Capital’s acquisition in 2005.

This is Hutton Collins’ fourth growth capital deal in the past 12 months, following investments in IT services company 2e2, also backed by Duke Street, satellite communication services provider Vizada, and Caffè Nero.  

Since its inception in 2002, Hutton Collins has invested in the leisure sector nine times, with companies such as Pizza Express, Coral, Ster Century and Loch Fyne Restaurants.

Matthew Collins, Founding Partner of Hutton Collins, says: “Wagamama is an excellent business that has gone from strength to strength since we first invested in 2004. The fact that this is Hutton Collins’ first hat-trick investment demonstrates our confidence in the potential of this business, and we are delighted to be working with Steve and his team again. The company has ambitious expansion plans, and with Duke Street’s backing we look forward to helping it realise them.”

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