The Birmingham-based company behind the Philpotts and Druckers chain of eateries is to float on AIM.
Patisserie Holdings, which also owns café chain Patisserie Valerie which was founded in London in 1926, announced to the stock exchange today that it planned to raise £33 million through the float.
It said the coffee shop and branded casual dining markets were forecast to be worth circa £6 billion with growth in the sector expected to more than eight per cent per year.
The statement added that the Patisserie Holdings, which is backed by private equity house Risk Capital Partners, had identified a further 250 potential new sites in the UK.
In the year to October 2013, it posted revenue of £60.1 million and EBITDA of £12 million.
In addition to Druckers cafés and Philpotts sandwich shops, which Patisserie Holdings acquired in March, it also owns small London deli chain Baker & Spice and a wholesale bakery site in south east London called Flour Power City Bakery, totalling 139 sites across the group.
Executive chairman Luke Johnson said: "Patisserie Holdings has a leading position in an attractive market, built around five differentiated brands.
"The management team has an excellent track record in the sector and has grown the business from eight stores in 2006 to more than 130 stores today, delivering seven years of uninterrupted increases in revenue and EBITDA.
"The rapid progress made by the group over recent years and the opportunities that lie ahead make this an exciting time for us to bring the group to AIM."
Canaccord Genuity is acting as financial adviser, nominated adviser and broker to the company.
