Niyamo Capital takes majority stake in Byron Burger

Niyamo Capital has acquired a majority stake in Byron Burger through Tristar Foods, with minority investor Calveton UK remaining involved in the business. 

The deal marks the start of a restructuring programme aimed at restoring the brand’s financial performance and developing new growth opportunities in the UK and overseas.

Byron, founded in 2007, grew to more than seventy sites during the expansion of the UK premium burger sector but has faced trading pressures linked to rising costs and changes in consumer behaviour. 

Niyamo Capital, founded in 2024 by Akshat Tibrewala, said the next phase of ownership would focus on operational efficiencies, updated menu development and investment in digital capability.

According to the firm, it would introduce new technology across the business, including customer-relationship systems, loyalty platforms and cloud-kitchen operations. 

It also plans to review UK operations with the aim of reducing overheads and returning the business to profitability.

International growth is expected to form part of the strategy, with a flagship planned in Dubai and further overseas locations under consideration. 

Niyamo Capital said the UK would remain the base for expansion, and that Byron will continue to use the brand line “Proper Burgers, Done Properly.”

Tibrewala said: “Byron was born to make burgers that mattered – great beef, bold flavour, real hospitality. Today we’re opening a new chapter: one that honours the brand’s soul while building a stronger financial and operational foundation for the future.

“Our strategy is focused on restoring profitability through disciplined cost controls, streamlined operations, and sustainable expansion. By addressing the structural inefficiencies that challenged the brand in the past, from high rents and overheads to shifting consumer behaviour, we’re positioning Byron for long-term resilience. At the same time, we’re reintroducing the brand to a new generation of diners who value authenticity, digital convenience, and meaningful experiences.”