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

National Minimum Wage - what you need to know

National Minimum Wage - what you need to know

HMRC is naming and shaming pubs, hotels and restaurants that pay below the national minimum wage. The...

Craft Cider Trends

Craft Cider Trends

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

The Big Interview: Mike Benner, SIBA

The Big Interview: Mike Benner, SIBA

In June Mike Benner left the Campaign for Real Ale (CAMRA) after 20 years of campaigning, to...

PMA's Most Mentioned 2014

PMA's Most Mentioned 2014

The Publican's Morning Advertiser has carried out its own research to uncover the 20 pubcos that have...

Follow us on