LEON lands $32M investment to fuel UK, US growth
LEON, a healthy fast casual brand based in London, has received a £25 million (about $32 million U.S.) investment from Spice, a company controlled by GP Investments, chaired by the Brazilian entrepreneur Fersen Lambranho, according to a company press release.
The investment will help LEON, which has 46 restaurants in the UK and two in the Netherlands, continue to expand in the U.K. and open its first restaurants in the U.S. in the second half of this year, said John Vincent, CEO and co-founder of LEON, in a news release.
"To be successful LEON needs the right purpose, the right leaders and the right investors," he said. "To become the world's leading naturally fast food company we need partners who share the vision and can help make it happen.
"We are fortunate to have been approached by many potential partners. The decision to say yes to Spice was because of the high regard I have for the individuals of GP Investments, who manage Spice. I am also delighted that Active, our existing investor who has been so helpful to our growth, is participating in this fundraising, too.”
Spice, which will acquire a significant minority stake in LEON, is listed on the Swiss Stock Exchange and controlled and managed by GP Investments, a publicly held company, focused on alternative investments, with a presence in Latin America.
Topics: Franchising & Growth