M&A activity [big deals/small deals]
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Greene King has paid Punch Taverns £30.4m for 11 freehold managed pubs, the brewer and pub operator announced today. The deal, which is due to complete on 1 July, will be financed from the funds raised by the company's recent rights issue. Seven of the pubs are in London and include ...
Posted: 09 June 2009 | 10:26
Metropolitan Coffee of London has been acquired by Caffè Kimbo, the Italian company whose coffee it proposed to distribute here.
Posted: 04 June 2009 | 11:47
Another Real Hotel Group (RHG) property has been sold for around £4.5m, following the group’s collapse into administration in January. The Quality Hotel in Birmingham was bought by newly-formed Cobdens Hotel Limited from RHG’s administrator BDO Stoy Hayward.
Posted: 03 June 2009 | 07:00
Whisper it, but are those green shoots I spy? A number of Europe hotels and restaurants believe we have may hit the bottom of the recession, research revealed this week. More than a third of the 200 hotels and restaurants surveyed by KPMG expected growth in their volumes of business ...
Posted: 29 May 2009 | 14:16
Soho House Group has taken over the restaurant at the Hoxton Hotel in Shoreditch, east London, Caterer can reveal. The company, which owns nearby private members' club Shoreditch House, has taken on a five-year lease for the 120-seat Hoxton Grille located on the ground floor of the ...
Posted: 28 May 2009 | 07:00
Premium Bars and Restaurants (PBR) has refused to confirm that the billionaire Reuben brothers have put in a £40m bid that would see the operator undergo a pre-pack administration. The Times newspaper today reported that that David and Simon Reubens have offered to buy all but five ...
Posted: 22 May 2009 | 15:29
Peel Hotels has bought the freehold of the four-star Norfolk Royale Hotel in Bournemouth from English Rose Hotels for £8.25m. The deal, which is due to complete on 1 June and was 100% funded by a bank loan, fits Peel’s core strategy ...
Posted: 20 May 2009 | 17:12
Private equity firm Hutton Collins has been revealed as the mystery suitor for the Carluccio’s restaurant chain. A report in The Times says the firm, which has previously backed the likes of PizzaExpress and Loch Fyne, has been working on plans to take the ...
Posted: 18 May 2009 | 11:32
Ed’s Easy Diner, the US-style burger chain, has been sold by the Margolis family to property investment firm Rankdale. The group, which operates outlets in London’s Soho and the Trocadero Centre and the Bluewater Shopping Centre in Kent ...
Posted: 11 May 2009 | 16:37
Punch Taverns has sold 17 tenanted pubs to Charles Wells, taking the number of pubs it has disposed this week past the 40 mark. The freeholds of the 17 pubs have been bought for an undisclosed sum, with completion expected on 18 May.
Posted: 08 May 2009 | 15:57
Tips was one of the issues that dominated the headlines this week, namely the practice of using non-cash tips to subsidise staff wages, which will be outlawed from October. First the Government rejected the British Hospitality Association's claim that ...
Posted: 08 May 2009 | 15:49
The ongoing disposal of Punch Taverns’ pubs continued afoot today as Shepherd Neame bought 13 freehold pubs in a deal worth nearly £15m.The pubs, of which three are managed and ten are leased, are all located in South East England...
Posted: 08 May 2009 | 10:34
Heartstone Inns, the pub company that launched in 2007, has picked up its fifth site, taking the freehold on the Bun Penny in Lee-on-the-Solent, Hampshire from Punch Taverns.
Posted: 07 May 2009 | 15:56
Ribble Valley Inns (RVI), the Lancashire based pub group founded by the Catey award-winning duo of Nigel Haworth and Craig Bancroft, has taken on its fourth site.
Posted: 05 May 2009 | 14:13
Ben Maschler, son of the Evening Standard food critic Fay and former director of food at Soho House Group, has taken the reins at north London gastropub the Draper’s Arms.
Posted: 22 April 2009 | 08:00
The Great Northern hotel in Peterborough, which is owned by the Pizza Express restaurant chain founder, has been sold for an undisclosed sum.
Posted: 22 April 2009 | 07:30
Amber Taverns has picked up 23 pubs from the administrator of Liverpool-based Cains Beer Company, safeguarding more than 100 jobs.
Posted: 21 April 2009 | 14:02
Budget hotel chain Travelodge has acquired the leases on three former Purple hotels adding 258 rooms to its 26,000 UK room stock.
Posted: 14 April 2009 | 11:51
Peach Pub Company co-founder Lee Cash has described the £2.85m deal to buy the freeholds of two of its existing sites from Punch Taverns as the business “coming full circle”.
Posted: 07 April 2009 | 16:20
The restaurants in Notting Hill, Chiswick, Islington, Clerkenwell, Covent Garden and St John’s Wood were sold for an average premium of £250,000, with the latter four bought back by the group’s former managers Rupert Hill and Ray Defazio.
Posted: 06 April 2009 | 08:00
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