Private equity
Reporting centres on investment activity across the UK hospitality and foodservice sector, with analysis of buyouts, growth capital, and ownership changes involving restaurant groups, pub companies, and catering operators. Coverage includes deal flow, fund strategy, portfolio performance, and investor outlook, offering valuable intelligence for senior executives, founders, and stakeholders navigating funding, expansion, and exit planning.
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Jan- 2025 -17 JanuaryNews
Directional Capital acquires Pizza Hut’s UK franchisee in pre-pack deal
Directional Capital has acquired Heart With Smart, one of the UK’s leading hospitality franchise operators which manages the operations of the UK Pizza Hut dine-in restaurants, in a pre-pack transaction which sees the transfer and continuing operation of 139 restaurants across the UK. Directional Capital is a US-based private equity…
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2 JanuaryFood and Drink
Eataly sees losses reach £5m
Italian food hall and market Eataly has seen its pre-tax losses rise to £5m for the year ended 31 December 2023, compared with a loss of £1.29m in 2022. The company stated that its sales and margins increased, and labour cost decreased from the previous year, however energy prices had…
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2 JanuaryRestaurants
Pizza Hut’s UK operator in ‘advanced talks’ with potential bidders
Pizza Hut’s UK operator is reportedly in “advanced talks” with potential bidders to wrap up a deal to secure its future, Sky News has learnt. According to Sky, Heart With Smart (HWS), Pizza Hut’s biggest UK franchisee which operates roughly 140 Pizza Hut dine-in restaurants, is expecting to select a…
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Dec- 2024 -23 DecemberFood and Drink
Wingstop UK sells majority stake to Sixth Street
US private equity firm Sixth Street has announced that it has acquired a majority stake in Lemon Pepper Holdings, the UK arm of Wingstop. The terms of the deal have not been disclosed but according to City AM the value of the deal is at least the £400m asking price.…
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Nov- 2024 -18 NovemberRestaurants
Pizza Hut UK franchisee approaches potential bidders
Pizza Hut UK’s biggest franchisee has reportedly begun approaching potential bidders for the pizza chain, according to Sky News. Heart With Smart (HWS), which operates roughly 140 Pizza Hut dine-in restaurants, has instructed advisers to find a buyer or raise tens of millions of pounds in external funding. City sources…
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Oct- 2024 -11 OctoberNews-In-Brief
Today’s news in brief – 11/10/24
Boxpark has had its new location in Birmingham greenlit. Located in Digbeth, Boxpark has signed a 15-year lease in the Floodgate Street Arches. The new opening, which will see the group invest roughly £5m into the local area, is expected to create around 200 new jobs upon launch in 2025. …
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11 OctoberPeople
Sticks’n’Sushi appoints new CFO
Danish-Japanese restaurant group, Sticks′n′Sushi, has announced the appointment of Kushal Banerjee as its new chief financial officer. With over 17 years of experience, Banerjee brings “significant” expertise across M&A, capital markets and corporate strategy. He joins Sticks’n’Sushi after five years at Azzurri Group, the private equity-backed hospitality investment platform with…
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8 OctoberPubs and Bars
Epiris acquires Amber Taverns
Epiris has announced that Epiris Fund III has agreed to acquire pub operator Amber Taverns for an undisclosed sum. The acquisition is Epiris Fund III’s fifth investment, following Delinian, LoneStar, Pure Cremation and GSF Car Parts. Amber Taverns operates 178 freehold, wet-led pubs, predominantly in the North of England, the…
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Sep- 2024 -10 SeptemberPeople
Revolution Bars Group appoints new non-exec chairman
Revolution Bars Group has announced the appointment of Luke Johnson to its board as non-executive chairman, following the retirement of Keith Edelman, who has held the role since February 2015. A well-known entrepreneur and investor, Johnson first established himself in the hospitality industry as chairman of and significant investor in…
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Aug- 2024 -1 AugustPubs and Bars
Stonegate Group secures refinancing deal from TDR Capital
Stonegate Group, the UK’s largest pub company, has secured a refinancing deal from TDR Capital LLP, a UK-based private equity firm. Stonegate Group has agreed to refinance £3.0bn of debt, following strong demand from investors. As part of the deal, funds managed by TDR Capital will make a £250m shareholder…
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