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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Feb- 2024 -22 FebruaryRestaurants
Sticks n Sushi secures £22m loan
Sticks n Sushi has revealed that it has secured a £22m loan from Oak North Bank to support further growth. The business was acquired by leading private equity firm, McWin Capital Partners, in January this year. McWin is a sector specialist with stakes in a number of chains, including: Gail’s…
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Jan- 2024 -15 JanuaryPubs and Bars
More than 4,500 Stonegate pubs at risk amid £2.6bn debt
More than 4,500 Stonegate pubs could be at risk as parent company TDR capital seeks to refinance £2.5bn of debt, GMB Union has warned. Gary Lindsay, boss of TDR Capital which also owns supermarket giant Asda, told the Business and Trade Select Committee on Tuesday [9 January] he was ‘confident’…
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12 JanuaryPubs and Bars
Corporate buyers return to pub market in 2023
Tenanted pub companies made up 23% of freehold buyers in 2023, compared with 12% in 2022, according to data from Christie and Co. Furthermore, Christie and Co’s pub price index dropped 8.1% for 2023 as a result of interest rate hikes and a stubborn inflationary environment during 2023. Activity was…
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12 JanuaryRestaurants
TDR secures majority stake in Popeyes UK
Private equity firm TDR Capital has secured a majority stake in Popeyes UK following a subsequent investment. The news comes after TDR made a £50m investment in Popeyes last year and has since raised its ownership to effectively overtake dual partner Ring International Holdings, who hold a minor stake. The…
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Nov- 2023 -28 NovemberNews
TRG shareholders approve £506m Apollo deal
The Restaurant Group shareholders have formally voted in favour of the company sale to US-based private equity company Apollo Global Management for £506m. During a general meeting held yesterday (27 November), 93.5% of shareholders voted in favour of the cash acquisition of the group, which includes Wagamama and the pub…
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Sep- 2023 -22 SeptemberNews
Today’s news in brief – 22/09/23
Comptoir Libanais reported revenues of £14.8m for the six months ending 2 July, a 2.1% increase. However, adjusted EBITDA profits were down 73.7% from 2022 levels to £1m due to challenges in the trading environment. Like-for-like sales increased by 6%, with dine-in sales growing by 8.1%. Delivery sales declined in…
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22 SeptemberRestaurants
Yolk raises capital for London expansion
Fine fast food business Yolk is raising capital through private equity firm Growthdeck as it targets expansion across London. The five-site independent offers sandwiches, baked goods and specialty coffee without charging consumers a premium price tag. Yolk said that the brand aims to offer a “revolutionary improvement” in Londoners’ grab-and-go…
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8 SeptemberCatering Companies
Food and beverage sector sees rise in M&A activity
Food and beverage M&A activity has increased 13% in Q2 2023, after welcoming signs of recovery at the start of 2023, according to new research from Grant Thornton UK LLP. The firm’s analysis has found that 42 deals were recorded in Q2 2023, as deal volumes rose for the third…
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Aug- 2023 -25 AugustBusiness
Subway sold to Roark Capital
Subway has announced that it has entered into a definitive agreement to be acquired by affiliates of private equity firm Roark Capital for an undisclosed sum. The company has branded this is a “major milestone” in the company’s transformation journey, combining Subway’s global presence and brand strength with Roark’s deep…
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Jun- 2023 -20 JuneNews
Hostmore appoints new non-executive director
Hospitality group Hostmore has today announced the appointment of Célia Pronto as an independent non-executive director with immediate effect. Pronto has over 25 years of experience in blue chip listed companies, private equity and venture capital backed start-ups and family-owned businesses. She has worked in subscription model businesses, as well…
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