pizza express private equity

A … Photographer: Simon Dawson/Bloomberg Each pie is handcrafted using the best ingredients: rolled, hand-tossed…, The pizza is great,reminds me of back home! Pizza Express is owned by Chinese private equity firm Hony Capital (Image: GETTY) Lisa Hooker, consumer markets leader at PwC, said: "Looking … Most of us love pizza and Italian food, whether this is sitting lakeside in Garda with a glass of wine or munching through a New York style pizza at 2am, it is amazing how such a simple dish has traversed the globe and is eaten by all members of society. The chain was sold as a going concern, meaning it was continuing to … Expansion in Asia is a key part of the growth strategy and Hony Capital will leverage local expertise to accelerate the restaurant chain’s growth in Asia. Photograph: David Sillitoe for the Guardian. Found inside – Page 352... as facilitator of knowledge sharing 244 Pier 272 Pizza Express teaches staff to flirt with customers 34 pluralistic ... 276 PricewaterhouseCoopers (PwC)296 private enterprise 11 China 55 private equity finance 306–7 private sector ... PizzaExpress saw pre-tax losses almost double to reach £55m in 2018 which it blamed on tough trading in the UK and overseas. September 2014 Issue. Much of that debt goes back to … One of China's biggest private equity firms is weighing up plans to buy a slice of PizzaExpress as the British restaurant chain accelerates its expansion in the world's most populous country. Currently the firm, which is one of China’s largest PE firms, has assets worth approximately $7bn across seven different funds. PizzaExpress is a restaurant group based in the United Kingdom and owned by a group of bondholders. The "express" pizza toppings vary but honestly, you can't go…, From Business: Pizza & Wings Express offers a variety of mouth-watering pizzas, wings, and sandwiches. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. djay Member of DD Central. Pizza Express ’ … PizzaExpress was launched in 1965 by Peter Boizot. So quick, so good, so easy! Pizza Express operates 436 restaurants in the UK along with 68 internationally, including 22 in China. Pizza Express has gently poked fun at Hollywood star Eva Longoria for once gushing to Jack Whitehall that the best Italian food she had ever had was at one of… How much of a problem is that? A branch of PizzaExpress, one of the pizza chains belonging to Gondola Group, owned by private equity firm Cinven. Expansion of the British restaurant chain into the Asia market is seen as key for its growth The company is now owned by Chinese private investment firm Hony, which acquired it in 2014 from UK private equity firm Cinven. Cinven, which sold Pizza Express to a Chinese investor two years ago, is not the only private equity firm circling Restaurant Group, which also owns Frankie & Benny's. - Pizza Express, backed by Chinese private equity firm Hony Capital, is preparing to launch the restructuring of its 465 million pound debt pile due for repayment by 2022. Found inside – Page 552A List of the Directors of the Principal Public and Private Companies in the United Kingdom with the Names of the Concerns ... 0171-584 8255 Brown Rock Ltd • Jornal Group Plc • Pizza Express Plc • Residential Property Trust Plc • Star ... Accounts for the 52 weeks to 30 December 2018 show EBITDA for the group, which operates … Heroes and Villains of Finance gives you a closer look at the biggest names that had the biggest impact, for better or worse. "This book is a marvellous introduction to a gallery of fascinating figures from the world of Big Money. In 2014, Hony Capital, the Chinese private equity firm, acquired the chain. www.pizzaexpress.ae. Hony Capital, founded in 2003, is sponsored by the Lenovo Group as well as Chinese and global institutional investors. Found insideHis pitch seemed to strike particular interest with Hony Capital, a private equity firm that was a spin-off of the ... made two splashy investments that crossed borders: it had bought the British pizza chain PizzaExpress and plowed ... I want to keep this place just to myself but that is too selfish of me, so I decided to tell others of what a great experience and friendly staff. Found insideIn business he founded PizzaExpress and was the first personto import Peroni beer into the United Kingdom. The business was listed and isnow owned by a private equity group who atthe time of writing are looking tosell for a billion ... Last year, the company started working on a … July 3 (Reuters) - Bidders have submitted offers close to 850 million pounds ($1.5 billion) for Cinven's Pizza Express, lower than the initial 1 billion pounds the private equity player had expected for the company, the Telegraph reported on Thursday, citing sources. Cinven acquired the Gondola Group in December 2006 for around £900m, with £290m supplied from Cinven’s fourth fund and a £610m debt package provided by the Bank of Scotland. We are looking forward to working with them on this as well as our ambitious UK growth plans.” Mr Hodgson will retain his position once the Hony acquisition has been completed, with his existing management structure remaining intact. Pizza Express - owned by Chinese private equity firm Hony Capital - is grappling with an eye-watering £1.1billion debt pile, of which £665million is owed to bondholders It's looking like a good outcome for pizza express bond holders that participated in the equity conversion, my holding has nearly doubled in the last few weeks. The chain has 477 restaurants and five franchise sites. (480) 361-6815. That sale is being run separately from the company’s restructuring process. The acquisition of PizzaExpress by Hony, a subsidiary of computer manufacturer Lenovo Group, is the latest in a series of acquisitions of global brands by Chinese firms. Found inside – Page 150Thus, according to the Independent newspaper (November 14, 2013): Gondola Group - which owns Pizza Express, Zizzi and Ask - has avoided as much as £77m in UK corporation tax since it was bought by the Cinven private equity fund in 2006. Found inside – Page 33Osmond , the founder of pubs group Punch Taverns and exowner of Pizza Express , had come to loggerheads in a face - toface ... with an estimated £ 3 billion bid ( $ 4.69 billion U.S. ) from U.K. - based private equity firm BC Partners . This transaction represents Cinven's complete exit from its investment in the Gondola Group, the market leader in the UK casual dining sector, following the sale of the Pizza Express and Byron restaurant brands. Pizza Express is preparing to shut dozens of restaurants as Britain's biggest casual dining chain grapples with the fallout from coronavirus and a cumbersome £1.1bn debt pile. Found inside – Page 764... Fully resourced in London and bolstered by a 6 ADDLESHAW GODDARD vate takeover of PizzaExpress . strong European ... It also has a growing private equity presOSBORNE CLARKE The Firm : A talented team that operates a broad ence in ... Hony Capital, the private equity firm that just took over British restaurant chain Pizza Express, has often been lauded as one of China’s homegrown private equity success stories. Private Equity Winter is coming: Can private equity help keep restaurants warm? Speculation has been growing about the future of the 54-year-old chain following a raft of closures by other high street brands across the UK casual dining sector last year. The sale comes just as the business opened its first restaurant in Beijing, already having 12 sites in Hong Kong and nine in Shanghai. (480) 361-6815. At the start of the Pizza Express empire, Mr Boizot’s takings were only £3. The business man died in December 2018, but by then the restaurant chain had already been acquired by Hony Capital, a Chinese private equity firm, in an deal said to be worth £873 million in 2014. Found inside... August 14 100.0% Nilgai Foods Pico Express QSR Hyderabad House Hyderabad QSR House Global Franchise Architects Pizza Corner ... The tables below provide data cited in NRAI Report, 2016, it is apparent that substantial private equity ... Found insideFor 15 years Bain Capital has been the most profitable private equity firm in the world, doubling the value of its investments each year. Home delivery pizza used to be a local market. Expansion was constrained by the limit on how far ... The company has $7bn under management, with the latest fund having a capital commitment of $2.4bn. Website. Hony earlier this month decided to cede control of Pizza Express, which it bought from rival private equity outfit Cinven for £900m in 2014, to creditors in a debt-for-equity swap. In Hong Kong, Pizza Express has 23 restaurants. Struggling private equity-backed restaurant group Pizza Express is set to be largely taken over by bondholders as the business reels under the strain of the coronavirus lockdown. The cash from Chinese owner Hony Capital will be used to pay down debt owed to bondholders as it … PizzaExpress celebrated its 50th anniversary in 2015. The company generated revenues of £369.4m in 2013, as well as earnings before interest, taxes, depreciation and amortisation of £90m. Earlier this year a new Pizza Express was opened in the Chinese capital of Beijing. “China, in the last 20, 30 years, being busy becoming the world’s factory, has not done enough to produce brands, technology, service that could satisfy domestic requirements,” he said. Houlihan Lokey Inc has been recently appointed to help with talks between Pizza Express and creditors. Following the completion of the PizzaExpress deal, Cinven will begin to explore the potential sales of its two remaining casual dining brands, Zizzi and Ask Italian. Pizza Express was founded in London in 1965 and it is currently owned by Hony Capital, the Chinese private equity firm. Found inside – Page 53The leisure sector has been a firm favorite with private equity investors for several years . ... the owner of the British ASK and Pizza Express restaurant chains , was recently taken private following a successful bid from Cinven . Historically, Hony Capital has been a China focused middle market firm, which has been backed by Legend Holdings, however of late the group has begun to look overseas for investment opportunities. Laden with big debts, ... Pizza Express is understood not to be currently in breach of its loan covenants, however. YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Employees 201-500. We’d like to hear from you and talk to you about the market for management terms. Chinese private equity firm Hony Capital, the owner of PizzaExpress since 2014, has engaged King &Wood Mallesons on a restructuring of the British restaurant group. In July 2014 the group was sold to the China-based private equity firm Hony Capital in a deal worth £900 million ($1.54 billion).PizzaExpress celebrated its 50th anniversary in 2015. Hony Capital, a Chinese-headquartered private equity fund, bought Pizza Express from Cinven in 2014, in a £900m leveraged deal. Mesa, AZ 85210. Pizza Express is set to be taken over by its bondholders after a sale process seeking potential buyers failed to drum up a competitive offer.The … Company Website . Pizza Express is preparing to shut dozens of restaurants as Britain's biggest casual dining chain grapples with the fallout from coronavirus and a cumbersome £1.1bn debt pile. Pizza Express Group Holdings (PizzaExpress), headquartered in London and controlled by Chinese private equity firm Hony Capital, has reportedly turned to American independent investment bank Houlian Lokey for financial advice after racking up debts of £1.1 billion, according to its 2018 Annual Report, published earlier this year. It was founded in 1965 by Peter Boizot. Hony Capital’s PizzaExpress closes 73 outlets and cuts 1,100 jobs The Chinese private equity firm, which owns the British restaurant group since 2014, agreed to a … Pizza Express calls in financial advisors ahead of talks with creditors over £665m debts - sparking fears restaurant chain will be next big name to disappear from Britain's High Street. Found inside – Page 13... Davis Nationwide Building Society Charles Dunstone Carphone Warehouse Ian Eldridge Pizza Express John Farber ICC ... Greenbury formerly Marks and Spencer Tom Hamilton Hamilton Private Equity Partners Sir Christopher Harding Legal ... The Pizza Express chain, which has over 400 restaurants in the UK, is being bought by Hony Capital from the London-based private equity firm … The firm investigated the possibility of divesting the entire Gondola Group, the parent company that owns the pizza chain and a number of other restaurant assets, including Zizzi. 830 W Southern Ave Ste 8. The group has to pay the first instalment of its debt repayments, worth £465million in secured bonds, by August 2021. From Business: Pizza & Wings Express offers a variety of mouth-watering pizzas, wings, and sandwiches. Found inside – Page 46... Border Holdings , Brands on Show , Brewton Group , California Pizza Kitchen , Cameo Foods , Carpets International ... Maxcess International Corporation , Metaldyne , Micronet , MidWest Wholesale Hardware Company , Moto Auto Express ... Found inside – Page 210Pizza Express sacked a waiter who revealed the company kept 8% of tips as an “admin fee” in 2009 while in the same year Zizzi ... it owes to the Blackstone private equity fund, which owns the group through a Cayman Islands subsidiary. YUM! Use the PitchBook Platform to explore the full profile. 14 July 2014. “Preferred” listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. Pizza Express is reportedly fighting to avoid going into administration. According to Bloomberg, Houlihan Lokey Inc has been appointed to assist in the talks between creditors and Pizza Express, which Chinese private equity firm Hony Capital acquired in 2014. Found inside – Page 195In a number of bids , such as Fitness First and Pizza Express , large institutional shareholders have refused to ... to take shares in the bid vehicle , allowing them to share in any up - side enjoyed by the private - equity house . In reality, many of these guys – they are overwhelmi­ngly male – make Sir Philip Green look like a choirboy. The Gondola Group ('Gondola'), the market leader in the UK casual dining sector, and Hony Capital, a leading private equity firm in China, today announce that they have reached agreement on the sale of PizzaExpressfor a consideration of approximately £900 million. The business man died in December 2018, but by then the restaurant chain had already been acquired by Hony Capital, a Chinese private equity firm, in an deal said to be worth £873 million in 2014. Hony Capital are still the current owners of Pizza Express and the company facing talks about the restaurant chain’s future. It was founded in 1965 by Peter Boizot. Company Description. Pizza Express became the latest casualty in the casual dining sector to report hefty losses.. Chinese private equity firm Hony Capital has bought the UK restaurant chain Pizza Express. Bella Italia, Cafe Rouge, Gourmet Burger Kitchen, Byron Burger, Carluccio’s, and Pizza Express are all examples of successful, small restaurant … The private equity house has also loaned the company £400m. The distress is palpable from Debenhams to Pizza Express. That sale is being run separately from the company’s restructuring process. Pizza Express already had problems before coronavirus, namely the high interest payments on its £1bn debt pile. Getting A Pizza The Action. 1965, London: Peter Boizot … Indeed, by acquiring the PizzaExpress brand, Hony has become one of an exclusive group of private Chinese investment firms that has purchased an overseas consumer asset for more than a billion dollars with an eye toward further developing the asset domestically.

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