Byron, the fast-growing chain of up-market burger restaurants, has acquired the Livebait site in the Cut scheme in Waterloo from the administrators of Paramount Restaurants, for an undisclosed sum. The 19-strong chain, which is led by Tom Byng, plans to re-open the site, that is believed to have previously delivered sales of £400k a year, in April. Byron will open a site in Oxford later this year, after taking a unit in the city’s George Street, with an opening pencilled in for June. The chain is set to open a further site in the capital in Camden’s Jamestown Road, later this spring. It has also secured a site at the Greenwich Promenade scheme. The 24-strong Paramount Restaurants was placed into administration last November. So far eight sites have been acquired by Brasserie Blanc; two by new vehicle SBG Restaurants; two by Spaghetti House; three by Prezzo; two by La Tasca; one each by Byron and Camino. It is thought that offers have been accepted by administrators Deloitte on the majority of the remaining sites.