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Gail’s owner, Bread Holdings, is reportedly readying to appoint advisers for a sale of the bakery and coffee chain for more than £200m, according to Sky News.
It is understood that Bain Capital Credit and EBITDA Investments, a fund backed by restaurant investor Henry McGovern, are planning to appoint bankers before the end of the year.
The news comes as Gail’s, which is also part-owned by Risk Capital Partners, has grown rapidly after Bread Holdings acquired it in September 2021 for £200m.
Risk Capital Partners first partnered with Gail’s co-founder and CEO, Tom Molnar, in 2011.
Since the sale, Gail’s has grown from approximately 70 bakeries to more than 100 in London, as well as new locations such as Brighton and Oxford.
According to sources, a formal sale process is unlikely to take place until next year.
Gail’s has been contacted for a comment.
