Pho, the Vietnamese street food restaurant group, has secured its first site in Scotland, and will add to its 31-site portfolio when it opens in Edinburgh’s St James Quarter in November.
Founded by Stephen and Juliette Wall in 2005, private equity funder TriSpan acquired a significant majority stake in the business last month, in a deal that is thought to have valued the business at just under £40m.
The founders and management maintained a significant interest in the company with Patrick Marrinan, promoted from finance director to managing director, while Robin Rowland, TriSpan European operating partner, became its chairman.
It will follow this up with openings in The Brewery Quarter, Cheltenham, and in Carlton Street, Nottingham, early next year. The company recently launched in Lincoln, and Pho is also thought to be in talks about a site in Plymouth.