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

Q&A: New pub food allergy requirements

Q&A: New pub food allergy requirements

Whether or not you serve food in your pub, the balance between your culinary and administration skills...

Master and apprentice: Mike Clist & Tom Davies
Feature

Master and apprentice: Mike Clist & Tom Davies

For two of the winners at the Publican Awards earlier this year, being recognised as the best...

Craft cider: the new craft beer?

Craft cider: the new craft beer?

As the craft-cider movement follows the craft-beer movement, we begin to see parallels in its development. Pete...

Legal guide: Staff tattoos

Legal guide: Staff tattoos

Employees who have tattoos cannot be treated differently or face disciplinary action just for having body markings....

Follow us on