Loungers in £350m takeover: From a Bristol cafe set up by three friends with £10,000 to huge US private equity bid
Hospitality group Loungers is set to be acquired by Fortress Investment Group in a £351million deal valuing the Cosy Club ...
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Loungers to be acquired by US firm Fortress in £338m deal
Loungers is to be acquired by US-based investment firm Fortress in a deal that values the all-day café and restaurant group ...
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Loungers opened eight new venues in UK in last three months
UK-based café, bar and restaurant operator Loungers has expanded its portfolio with the opening of eight new lounges across the UK in the first three months of this year. The recent expansion ...
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Fortress Investment Group to buy UK’s Loungers for £338m
Fortress Investment Group has agreed to acquire Loungers, a hospitality company, for around £338.3 million ($428.1 million; €405.8 million). The price implies an EV of around £350.5 million. Each ...
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Loungers in £350m takeover: From a Bristol cafe set up by three friends with £10,000 to huge US private equity bid
The 310p per share offer, which is at a 30.3 per cent premium to Loungers' closing price of 238p on Wednesday, sees Fortress take another chunk of the UK hospitality industry and Loungers position ...