Clapham House directors step down ahead of company delisting from stock market

29 October 2010 by
Clapham House directors step down ahead of company delisting from stock market

Gourmet Burger Kitchen (GBK) owner Clapham House has announced the departure of two directors, following the takeover of the company by Nando's owner Capricorn Ventures.

Non-executive directors Tim Woodcock and Nick Donaldson, a former investment banker, have tendered their resignations ahead of Clapham House's planned delisting from the Alternative Investment Market on 17 November.

Woodcock, previously finance director at Urban Dining, the owner of Tootsies, which Clapham House acquired, joined the board in 2006.

Last month private equity firm Capricorn unveiled a £30m takeover of Clapham House, which is best known for its GBK business but also runs the Real Greek group of restaurants.

Nando's has 234 restaurants and 6,500 employees in the UK & Ireland and has gained 53 GBK restaurants (14 operating internationally) and six Real Greeks through the deal.

Nando's owner buys Gourmet Burger Kitchen operator Clapham House Group in £30m deal >>

Brands remain strong as consumers keep eating out >>

Former Tootsies finance director joins board of Clapham House Group >>

By Chris Druce

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