Bagel Nash, the Leeds-based specialist bagel bakery and coffee bar chain, which is backed by YFM Equity Partners, has said it plans to open up to 40 new sites over the next five years. The group, which was founded by Andy Micklethwaite and Sara Hildreth, currently operates 11 coffee and bagel bars spread across the North and the Midlands. Hildreth told “2012 is a big year for the business as we relaunch our brand and rollout our expansion plans across the North of England. Our new branding will soon be unveiled and we are also very close to announcing four new outlets.” In August last year, YFM Equity Partners backed the management buyin of the business, which saw Micklethwaite become the new chief executive of the company and Hildreth retail operations director. YFM Equity Partners said the new investment would also provide capital to finance the chain’s plans to open new outlets in the North, North-West and the Midlands and would further aid the growth of its wholesale and export trade. In November, it announced Sally Holme, the former managing director of Betty’s & Taylor’s, as its new non-executive chairman.