Board

Restaurant transactions 2011

Date

Vendor

Purchaser

Deal

Acquisition of the entire share capital of Cloverleaf Restaurants and its 12 pub restaurants across the North of England for £55.8 million. Acquisition of the Coffee Nation vending machine operator, for £59.5 million – enabling the launch of Costa Express. Acquisition, out of administration of the six-strong Maypole Group for an undisclosed sum. Acquisition of the Wagamama chain of Japanese-style noodle bars with 70 restaurants in the UK. Acquisition of the two-strong Villandry restaurant business and its sites in Great Portland Street, London and Bicester Village. Acquisition of the Real Greek chain of three restaurants in a deal valued at approximately £3 million. Acquisition of the Warrington in Maida Vale, London off a reported asking price of £5.5 million. Management buy-in of Bagel Nash, the operator of 11 coffee and bagel bars in the North of England and the Midlands for an undisclosed sum. The acquisition of eight Old Orleans sites in Birmingham, Cardiff, Coventry, Enfield, Epping, Manchester, Reading and Thurrock for an undisclosed sum. Acquisition of the London-based specialist sausage chain operator for an undisclosed sum. The acquisition of Coffee#1 Limited – a chain of 15 high street coffee stores throughout South Wales and the South West for an undisclosed sum. Acquisition of two Café Pasta-branded leasehold restaurants from Relish Restaurants for a total consideration of £640,000. Acquisition of Chez Gérard and its eight London sites in a deal worth approximately £10 million. Acquisition of the restaurant group, with its three remaining sites in Edinburgh and Aberdeen, by an investment group led by the group’s founder David Scott. Acquisition of the Eat sandwich chain and its 110 UK stores. Leasehold acquisition of six sites for £550,000. Acquisition, out of administration, of the 110-strong UK pizza delivery chain. Acquisition of the Little Manor pub in Cheshire.

January Cloverleaf Restaurants

Greene King

March

Coffee Nation

Whitbread

Baker Tilly Restructuring and Recovery LLP, administrators of the Maypole Group

March

Marco Pierre White

March

Lion Capital LLP

Duke Street LLP

March

Penta Capital

Lyceum Capital

March

Paramount Restaurants

Prezzo

April

Jamie Barber

Maison Madeleine

Consortium of investors led by David Page

June

Capricorn Ventures

August

Gordon Ramsay Holdings

Faucet Inns

Management backed by YFM Equity Partners

August

Bagel Nash

August

Administrators of Perfect Pizza

Jatinder Wasu

August

Punch Taverns

Brunning & Price

September Intertain

Mitchells & Butlers

September Banger Bros

Grab Restaurants

October

Coffee#1

S A Brain and Co Ltd

November Relish Restaurants

Tasty

Deloitte, administrators of Chez Gérard Restaurants Limited Begbies Traynor, administrators of Howies Restaurant Group Deloitte, administrators of Paramount Restaurants Deloitte, administrators of Paramount Restaurants

November

Brasserie Blanc

December

Inveresk Holdings

December

Spaghetti House

Acquisition of two former Paramount Restaurant sites in London.

Acquisition, out of administration, of three former Paramount Restaurant sites for £1.125 million. Acquisition of two sites in Berkshire and Oxfordshire formerly owned by Merchant Inns.

December

Prezzo

December Baker Tilly

Marco Pierre White

Increase in the number of restaurant businesses inspected by Christie +Co in 2011 compared with the previous year

15.5%

Note: Details of the transactions listed in the table above are taken from information in the public domain and Christie + Co cannot warrant their accuracy.

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