Fulham Shore, the owner of Franco Manca and The Real Greek restaurant chains, have reached an agreement with a partnership of Toridoll and Capdesia. The purchase is worth £93.4m.
The European-based private equity company, Capdesia specialises in the restaurant industry – they aim to invest in new or scalable brands across the continent. Toridoll Holdings is a Japanese company that operate within the restaurant sector – managing brands via both equity and franchised owned models.
There are 27 stores of The Real Greek and 70 of Franco Manca, across the UK.
Back in 2020, Capdesia and Todidoll partnered within a Joint Venture, launching, across Europe, Marugame Udon. By July 2021 there were 10 sites opened since launch, with plans to open up to 150 restaurants across Europe by 2027.
Fulham Shore’s share price rose by over 30% (to 14p) on announcement of the sale. The joint venture partnership have bought Fulham Shore for 14.15p a share in cash.
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