Côte in potential £200m sale

Restaurant group Côte could be up for sale again, this time for an estimated £200m.

CBPE Capital, which owns the business, is reportedly in talks with investment banks and advisers about a strategic review of the company, according to the Sunday Times.

It is just two years since Richard Caring sold a majority stake in the Côte business to CBPE Capital, in a deal that valued the chain at £100m.

The business, which was founded in 2007 by Caring, Andy Bassadone, Chris Benians and Nick Fiddler, has nearly 70 sites.

Run by joint managing directors Alex Scrimgeour and Harald Samuelsson, it recorded a 26.6% rise in profit to £16.2m last year.

If Côte does end up being put up for sale, it will join Las Iguanas, Yo! Sushi and La Tasca, all of which are expected to be sold this year.

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