Private equity firm Apollo Global has agreed to acquire The Restaurant Group, the owner of Wagamama, for $623.4 million. The deal comes after a year of financial struggles and investor pressure for the UK business. The acquisition marks Apollo Global's entry into the restaurant industry and aims to revitalize the struggling chain. The Restaurant Group's takeover by Apollo Global is seen as a positive outcome, with activist investor Oasis set to make a £40 million profit from the sale.
Activist Oasis stands to net £40mn profit from Wagamama owner sale Apollo’s £506mn deal to buy The Restaurant Group includes ‘irrevocable undertaking’ for HK-based fund to exit its holding via @mroliverbarnes @FT #ActivistInvestor #PrivateEquity https://t.co/yUSJ3rmjrB
Today in Bloomberg Deals: JPMorgan's tech predictions, Apollo buys a casual dining favorite and HSBC’s private credit play https://t.co/3fUKXMvE8X
If stock traders are expecting investors in Wagamama's parent to agitate for a higher offer from Apollo, they may be disappointed, writes @mbrookerhk https://t.co/a42uN77HjW via@opinion
If stock traders are expecting investors in Wagamama's parent to agitate for a higher offer from Apollo, they may be disappointed, writes @mbrookerhk https://t.co/KHyp2mzmZS via @opinion
From @Breakingviews: Apollo’s proposed buyout of Wagamama owner The Restaurant Group requires a bit more spice, writes @aimeedonnellan https://t.co/O2DS24Hh91
The Restaurant Group: Apollo has a taste for Wagamama owner https://t.co/FKcadJQXJW | opinion
The Restaurant Group $RTN.LN #RTN is to be acquired for 65 pence per share. 9x EBITDA on trough 2023 #s. I wrote this up back in March at 42 pence/share. Not a bad outcome, but still think Apollo is getting a deal. Oasis and Irenic have already agreed to vote for the deal. https://t.co/LzqK8UrFbq
Apollo to buy Wagamama owner in £506mn deal, via @mroliverbarnes @FT #PrivateEquity https://t.co/gyunfIVQ1C
Apollo Global agrees to buy Restaurant Group, the owner of Wagamama, for £506 million https://t.co/GCoPxq2WKy
Wagamama owner The Restaurant Group has agreed a takeover by private equity firm Apollo Global for $623.4 million after a year of financial struggles and investor pressure for the UK business https://t.co/EmuTYDbJDI
Wagamama owner The Restaurant Group has agreed a takeover by private equity firm Apollo Global for $623.4 million after a year of financial struggles and investor pressure for the UK business. More here: https://t.co/67BLuDDwPq
Apollo to take Wagamama-owner Restaurant Group private for $623 mln https://t.co/piVoC7fv4Y https://t.co/Je2XMTIGhK
Apollo to buy Wagamama owner in £506mn deal https://t.co/q5aSIXv2mo