LDC places D&D London up for auction
D&D was originally founded by the late hospitality entrepreneur Sir Terence Conran as part of his Conran Restaurants empire
Private equity owners LDC has reportedly begun talks with financiers Interpath Advisory to launch a formal sales process for D&D London.
According to Sky News, LDC has asked Interpath to begin talks with interested parties after exclusive talks with investment firm Montecito Equity Partners failed.
D&D was originally founded by the late hospitality entrepreneur Sir Terence Conran as part of his Conran Restaurants empire.
It is thought that any deal for D&D, which operates 45 restaurants worldwide as well as London’s South Place Hotel, could be worth up to £100m.
LDC acquired D&D London in a £50m management buyout back in 2013. The group is currently headed by Des Gunewardena and deputy chairman David Loewi, who took on the business when they bought a stake in Conran Restaurants in 2006.
Sky News said that a D&D spokesperson declined to comment on the prospective sale process, but claimed that current trading at the group was “very strong”.
