Goldman Sachs sells Pret A Manger stake

Goldman Sachs has sold its £50m stake in Pret A Manger, the sandwich chain.

The American investment bank took a 14% slice of the business in 2008 as part of a deal in which Bridgepoint, the private equity firm, bought a majority stake.

Now, the bank has sold its stake to Bridgepoint, which today owns 66% of the company, according to M&C Report, a sister title of British Baker.

Pret A Manger’s founders, Julian Metcalfe and Sinclair Beecham, jointly own a further 15% of the business, with the rest held by the management.

Pret now runs more than 280 outlets in the UK, the US and Hong Kong and has recently expanded into France.

Related news:

>>Pret achieves revenue increase

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