Tag Archives: private equity

Private equity firm snaps up top catering provider

Private equity firm snaps up top catering provider

Midmarket private equity firm Livingbridge has acquired foodservice operator rhubarb, the first investment from its new £660m fund. Originally established in 1996 as an events business, rhubarb expanded its activities in 2003 to include the operation of lease and concession contracts at iconic, high footfall locations, initially by providing high-end catering at Ascot Racecourse. Today,

Burger King ‘looking for backers to buy out UK franchisees’

Restaurant Brands International (RBI), the company that owns Burger King, has reportedly opened talks with possible backers about a deal to consolidate the fast food chain’s UK franchises. According to Sky News, RBI has approached private equity firms about investing in the UK operations in a bid to “eke out” cost-savings in an increasingly competitive

Pizza Hut owner rumoured to be seeking £150m for business after restaurant turnaround

Pizza Hut’s UK business could fetch up to £150m after reportedly being put up for sale by its owners. The British division of the chain is owned by investment firm Rutland Partners, which has instructed advisers at PwC to find a suitor, according to City reports. Speculation has been mounting for some time that Rutland,

Yo! Sushi the target of ‘£100m’ private equity bid

The private equity firm behind fashion chain Jack Wills is said to be looking at strengthening in the foodservice arena with a reported £100m deal for Yo! Sushi, the UK’s largest Japanese restaurant chain. Inflexion Private Equity, which specialises in buying high growth, entrepreneurial businesses, has emerged as the frontrunner to buy the group, which

Owners of Pizza Hut weigh up chain’s future as profits climb

Casual dining chain Pizza Hut could fall into new hands later this year following reports that its current private equity owner will soon look to realise its investment in the business. Rutland Partners purchased the UK restaurant franchise from Yum! Brands three years ago and subsequently embarked on a £60m refurbishment programme aimed at returning

Cote Restaurants plans for new chapter after private equity sale

Restaurant group Côte is tipped to embark on a new chapter of store expansion after the private equity firm that owned the business confirmed its sale. CBPE Capital, a mid-market private equity firm, said that it had achieved a 2.9 x return on its original investment in the chain after offloading it to BC Partners.

Private equity funding fuels Brewhouse & Kitchen’s growth plan

Brewhouse & Kitchen is planning to launch a trio of new properties inside the next six months as part of a private equity-backed “rapid growth” store plan. The operator, which specialises in good food and cask ales, plans to add its name to new venues in Gloucester Docks, Highbury and Bournemouth in 2015, having already

Editor’s view: Change can come quickly in the catering equipment supply chain

The returning interest of private equity investment in the UK restaurant sector has been well-documented over the last 18 months, but could we be on the verge of a more pronounced period of consolidation in the days ahead? Obtaining finance for deals is becoming easier and consumer spending power is heading in the right direction