The owner of the TGI Friday’s restaurant brand is in talks to take full control of the British chain in a deal worth about £60m.
The UK division, which has 46 outlets, is 60%-owned by AAC Capital, the private equity firm, while the brand’s owner Carlson, an American leisure company, owns the remainder.
AAC now wants to realise its holding and Carlson has the right of first refusal.
An agreement could be reached by the summer.
The Sunday Times, business, p2