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Agilo acquires Candu
By Luke Tuchscherer
Agilo, the investment fund which recently bought the Sports Café chain, has acquired bar operator Candu for an undisclosed sum.
The Close Brothers bought Candu – which owns around 33 sites in the UK – from Luminar in 2005. It is understood that around 13 of the sites will close.
Jason Granite, founding partner of Agilo, said: “I can confirm we have acquired the business and assets of Candu. This transaction has allowed the business to shed its unprofitable venues and created a highly profitable leisure group. We remain very excited about other opportunities in the sector.
“The main board will consist of Tim Roberts, James Spragg and Martin Brayshaw. They have a wealth of experience and we are providing significant funds for the team to help grow the business.”
Agilo acquired five Sports Café sites in January as part of a rescue deal after the chain was put into administration.
Agilo, the investment fund which recently bought the Sports Café chain, has acquired bar operator Candu for an undisclosed sum.
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