M&A activity [big deals/small deals]
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Pontin’s executive chairman Graham Parr has led a management buyout (MBO) of the holiday camp operator for an undisclosed sum.
Posted: 27 March 2008 | 14:55
The former owner of Seaham Hall will continue to run a restaurant and two spas after the sale of the hotel to luxury hotel group Von Essen.
Posted: 27 March 2008 | 08:08
Gordon Ramsay has revealed the location of his first "chef academy".
Posted: 25 March 2008 | 19:05
Agilo, the investment firm who rescued Sports Café in January, has snapped up late night bar operator Candu for an undisclosed price to expand its burgeoning hospitality empire.
Posted: 25 March 2008 | 12:31
A round-up of the weekend's news affecting the hospitality industry. News includes: BAA to sell 33 properties to Arora; Fifteen training “hit-and-miss”, says report: Starbucks ordered to pay out $100m in withheld tips.
Posted: 25 March 2008 | 10:55
Merger talks between Travelodge and Whitbread broke down after the hotel operators failed to agree on an estimated £900m sale price, Caterersearch has learnt.
Posted: 20 March 2008 | 16:42
Von Essen has bought two of the North-east’s best known hotels, Seaham Hall and the Samling, from Tom’s Companies.
Posted: 20 March 2008 | 13:38
Premier Inn owner Whitbread has ended merger talks with budget hotel rival Travelodge killing off a potential £3b tie-up.
Posted: 19 March 2008 | 11:58
Novus Leisure, the owner of Tiger Tiger, has bought seven venues from London bar operator Soho Clubs & Bars.
Posted: 18 March 2008 | 13:30
A round-up of the weekend's news affecting the hospitality industry. News includes: Whitbread in talks to merge Premier Inn with Travelodge; M&B mulls minority stake sale; Tate to show super-salad
Posted: 17 March 2008 | 10:59
Whitbread is in talks to merge its budget chain Premier Inn with rival Travelodge, in a deal that would create a company worth around £3b, sources have confirmed.
Posted: 17 March 2008 | 10:46
Casual dining chain Yo! Sushi has been sold to private equity firm Quilvest and its existing management team led by chief executive Robin Rowland in a deal worth an estimated £50m.
Posted: 10 March 2008 | 17:42
Pop star Madonna and film director husband Guy Ritchie have bought the Punch Bowl in Mayfair, London, for an estimated £2.5m.
Posted: 04 March 2008 | 16:32
Maypole Group, the countryside hotel and restaurant operator set up in 2003, has signed a deal with Punch Taverns to move into its seventh site; the Pear Tree Inn in Melksham, Wiltshire.
Posted: 03 March 2008 | 11:26
A round-up of the weekend's news affecting the hospitality industry. News includes: Gordon Ramsay tried to buy the New Angel; E-menus coming to London in three months; Rentokil Initial expected to announce a break-up
Posted: 03 March 2008 | 10:03
Gastro Taverns has signed a deal with Dundee-based SHK Property and Investment to expand its bar and restaurant estate in Scotland.
Posted: 29 February 2008 | 14:31
Pub company Mitchells & Butlers’s (M&B) under-fire chairman is to step down from the company at the end of May.
Posted: 27 February 2008 | 11:15
Sandwich bar operator Pret A Manger has been sold for an estimated £345m to private equity firm Bridgepoint Capital.
Posted: 22 February 2008 | 16:54
Mitchells & Butlers (M&B) chairman Roger Carr has come under fire from shareholders after taking the same non-executive role at Cadbury’s – his fifth position.
Posted: 22 February 2008 | 11:33
Three parties are reportedly in discussions over confidentiality agreements that will determine if they can launch joint bids for embattled pub operator Mitchells & Butlers.
Posted: 20 February 2008 | 13:05
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