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Deals of the week June 7 to June 11 – a GrowthBusiness roundup

Deals of the Week June 7 to June 11. This week's deals include Mosaic Ventures leadig a £9m round for B2B merchant credit provider Hokodo ....

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Issa brothers take control of Leon in £100m deal

Leon has been sold for an estimated £100 million to the billionaire brothers who are buying Asda.EG Group, Mohsin and Zuber Issa’s petrol forecourt and convenience retail business, said that it ....

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Billionaire Asda owner brothers buy fast food chain for £100million

Billionaire Asda owner brothers buy fast food chain for Â£100million
Mohsin Issa and Zuber Issa have secured more than 70 Leon restaurants across the UK and Europe
Updated
Billionaire brothers Mohsin and Zuber Issa have secured a deal for fast food chain Leon (Image: Lancashire Telegraph / SWNS.com)
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Asda's New Owners Acquire Leon

19th April 2021
EG Group, the forecourt operator whose billionaire founders recently acquired Asda, has bought healthy fast-food chain Leon for Â£100m.
Founded in 2004, Leon tapped into demand for healthier food, growing to a total of 71 company-owned and franchised restaurants, mainly across the southeast of England and a handful of European countries. However, the business, which generated sales of Â£115m in 2019, launched a restructuring plan at the end of last year to help it survive the drop off in trade during the pandemic.
In a joint statement, EGâs Mohsin Issa and Zuber Issa said Leon was a âfantastic brand we have long admiredâ. The firm plans to use the chain to support the expansion of the food offer on its forecourt sites. ....

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Leon bought by billionaire Issa brothers for £100m

Leon bought by billionaire Issa brothers for £100m
Takeover of healthy fast food chain by EG Group follows the £6.8bn swoop on Asda and attempt to win control of Caffe Nero
18 April 2021 • 1:52pm
Leon, the fast food chain co-founded by Boris Johnson s food tsar Henry Dimbleby, has been snapped up by the billionaire Issa brothers in a deal set to net its founders a multi-million pound fortune.
EG Group, the petrol forecourts operator owned by Mohsin and Zuber Issa, said it has acquired the restaurant company from its biggest shareholders, Active Partners and Spice Private Equity.
The deal, which is estimated to be worth between £80m to £100m, will crystallise a multimillion-pound stake held by Leon s co-founders, chief executive John Vincent, Mr Dimbleby and chef Allegra McEvedy. ....

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