All Prezzo articles – Page 17
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NewsSecond round bids due for TGI Friday’s
Up to six private equity groups are believed to be in the running to acquire the UK arm of TGI Friday’s, with second round bids for the 64-strong business due next week
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NewsBid activity holds back M&C20
The M&C20 was held back by bid activity this week, underperforming the wider market, growing 0.3% to 1,225 points while the AllShare Index was 1% higher, rising 10 points to 1,028, says Will Brumby of Langton Capital
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NewsAdvent confirms it will not bid for Prezzo
US private equity firm Advent International has confirmed it will not bid for restaurant group Prezzo.
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Analysis & InsightDomino's and PizzaExpress lead Youth100 list
Domino’s Pizza has topped the fast food and restaurant category in this year’s Youth 100 List: which highlights the UK’s top brands according to 18-24 year olds
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Batram: Prezzo shareholders should reject bid
Leading analyst Nick Batram at Peel Hunt has said that Prezzo shareholders should reject the agreed £303.7m bid from TPG Capital
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NewsTPG Capital agrees to acquire Prezzo for £303.7m
TPG Capital, the US-based private equity firm, has reached agreement with the board of Prezzo, to acquire the Jonathan Kaye-led business for £303.7m
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Analysis & InsightIgnoring the noise of the new
It seems that every week a new study comes out to tell us what consumers like and dislike about their eating and drinking out experiences, and each time expectation levels on what constitutes a “good time” increase. So how can established operators compete against the “noise of the new”
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NewsM&C20 rises in afterglow of bid speculation
The M&C20 rose 2% this week to 1,221 points, ever so slightly underperforming the 2.1% rise in the wider market which saw the FTSE All-Share end at 1,018 points, says Will Brumby of Langton Capital
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Prezzo extends deadline for bids
TPG Capital and Advent International have been given an extended deadline to bid for the Jonathan Kaye-led restaurant group Prezzo.
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NewsPrezzo takes Wisbech site
Takeover target Prezzo is set to open a site in Wisbech, Cambridgeshire
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NewsNiven lined up to play part at Prezzo
David Niven, the former chief executive of Nando’s, is being lined up to be part of the management team at Prezzo, if TPG Capital is successful in its bid for the business
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NewsFranco Manca secures Belsize Park site
Franco Manca, the pizza chain led by David Page and Italian chef Giuseppe Mascoli, has secured the Chimichanga site in London’s Belsize Park
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Analysis & InsightM&A market back with a boom
Two potential deals are keeping City gossip hot at the moment, but they are very different types of bid. One company is categorically saying no to an offer while silence rules the other tender, Dominic Walsh tells all
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NewsPrezzo bid has little impact on share price
The M&C20 was down 1.6% to 1,187 points this week, outperforming the All-Share Index which was down 1.9% to 1,010 points, Will Brumby of Langton Capital reports
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Analyst corner: Nick Batram on Prezzo
Nick Batram at Peel Hunt says that a bid approach around the current share price significantly undervalues a group of Prezzo’s “pedigree and potential”.
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Jack: Proposed Prezzo price unattractive
Leading analyst Douglas Jack at Numis said that the proposed offer price for Prezzo is unattractive, but announcing the approach may flush out higher bids
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Analysis & InsightAll to play for
Prezzo is the latest business in the sector to be put in play in another sign that genuine confidence is returning to the market. But what does the offer for the Jonathan Kaye-led restaurant group mean for the business and its chief executive?
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NewsPrezzo receives takeover offer
Prezzo, the Jonathan Kaye-led group, has announced it has received a takeover offer from US private equity firms Advent International plc and TPG Capital LLP
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Handmade Burger secures funding package
Handmade Burger Company has secured a new £400,000 funding package from Lloyds to support plans to open four new sites
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NewsPrezzo tweaks Cleaver ahead of possible roll out
Prezzo will continue to “tweak” its Cleaver brand over the next 12 to 18 months before assessing whether it has roll out potential, chief executive Jonathan Kaye has told M&C Report