The business, which operates seven restaurants, has been bought by Niyamo Capital, founded by the Indian-born investor Akshat Tibrewala, according to The Sunday Times.
The sale comes after Byron’s former owner, Tristar Foods, said it planned to appoint administrators in September.
Tibrewala, 21, is understood to have injected about £2.5m into the company and taken a majority stake, while the London-based private equity firm Calveton UK, which backed Tristar, will retain a minority holding. Byron currently operates restaurants in Bury St Edmunds, Cambridge, Tottenham Court Road, Covent Garden, Liverpool, South Kensington, and York.
The deal is the latest in the chequered history of the burger brand, which was founded by Tom Byng in 2007 and at its peak it operated close to 70 restaurants. In 2018, it closed almost a third of its estate as part of a Company Voluntary
Arrangement and in 2020, the group was acquired by Famously Proper, a subsidiary of investment company Calveton UK in a pre-pack administration deal in which it slashed its estate by a further 30 sites, leaving it with 21 restaurants.
The group was then acquired in a pre-pack deal by Tristar Foods in January 2023, closing nine restaurants and leaving it with 12. Later that year it closed a further three restaurants, and since then it has closed two more.
The new deal also includes Byron’s sister brand Mother Clucker, which sells fried chicken on Deliveroo.