News > General News

Agilo to sell off Yellowhammer Bars

By Ewan Turney , 23-Aug-2010

Related topics: General News

Yellowhammer: £18m price tag

Yellowhammer: £18m price tag

Yellowhammer Bars, the company that runs outlets formerly part of Sports Cafe and Candu Entertainment, has been put up for sale with a price tag of £18m.

 

The 30-strong chain has been put up for sale by parent company Agilo, a London-based fund that invests in distressed companies and special situations, as it seeks to wind up its British fund.

 

Yellowhammer was formed in 2008 after the purchase of five Sports Café venues and 23 Candu bars and clubs.

 

The business is led jointly by James Spragg, the former commercial director of Novus Leisure who was recruited by Agilo to run Sports Café, and by Tim Roberts, the former chief executive of Candu.

 

Reports suggest that Agilo has lost the appetite for keeping Yellowhammer running. It has already shut three of the five Sports Cafe venues.

Find us on Facebook

Spotlight

Legal Q&A: Opening a cinema club and assault charges

Legal Q&A: Opening a cinema club and assault charges

This week's legal Q&A asks what you should do regarding personal licences and being charged with assault,...

Five minute guide to Champagne, Prosecco and Cava

Five minute guide to Champagne, Prosecco and Cava

It may, in the past, have been associated with indulgence and special occasions, but all that is...

Legal Q&A: Nudity, noise and measuring down

Legal Q&A: Nudity, noise and measuring down

This week's legal Q&A features issues to do with 'regulated entertainment' and nudity, noise abatement notices and...

Drinks promotions: top legal tips

Drinks promotions: top legal tips

In this top tips series we continue our analysis of the practical implications of the changes to...

Follow us on