What's Hot

    Is the iPhone 15 a True Technological Marvel or a Cash Grab?

    September 22, 2023

    Mainnet 2023: The Pinnacle of Blockchain Evolution in NYC

    September 21, 2023

    Bitcoin or Gold?

    September 20, 2023
    Facebook Twitter Instagram
    Twitter Facebook LinkedIn YouTube
    What the FinanceWhat the Finance
    Subscribe
    • NewsWire
    • Crypto
    • Stocks
    • Investment Ideas
    • Global Economics
    • Markets
      • Cryptocurrency Prices
      • Fear & Greed Index
      • World Market Indices
      • US Stock Market
      • Live Forex Rates
      • S&P 500
      • Gold
    What the FinanceWhat the Finance
    Home»Best Deals»Pret a Manger – Best Deal of the month!
    Best Deals

    Pret a Manger – Best Deal of the month!

    The What GirlBy The What GirlFebruary 25, 20081 Comment2 Mins Read
    Pret a Manger
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Market sources said that sandwich chain Pret a Manger looks determined to head to private-equity sponsor Bridgepoint Capital. Press reports have confirmed that Bridgepoint will purchase the sandwich chain for £350 million – which is well below the initial target of its founders.

    Pret a Manger is owned by its two founders, Julian Metccalfe and Sinclair Beecham, and by McDonald’s – who bought its stake in 2001, at the price of £50 million. While the two founders will have the opportunity to reinvest, McDonald’s is expected to exit when the sale is agreed and the new terms negotiated.

    The sandwich chain was founded in 1986, it currently has a branch network of 163 branches in the UK, 13 in New York, 11 in Hong Kong and one in Singapore. The owners were hoping to achieve an offer price of about £400-£450 million just last September. However, the actual offer price is £100 millions less than anticipated by its founders, but certainly good news to the private-equity sponsors, who do not have to dig deep in their pockets…

    NM Rothschild is advising on the sale, and for them it has been a long wait backing the last standing bidders. From the press report it was understood that three sponsors remain in play, those are: Morgan Stanley Private Equity, Advent and Bridgepoint.

    Author Profile

    dadff7b1a7f33524d7aa069a4c17433d?s=100&d=mm&r=g
    The What Girl
    I am a financial services writer with experience in forex trading and stock market analysis.
    Latest entries
    • August 14, 2013Investment IdeasStockmarket Shares: Tips for Beginners
    • August 7, 2013NewsWireNew consumer protection laws target pressure sellers
    • July 25, 2013Best DealsPrice rises spell trouble for UK’s crowded housing market
    • July 1, 2013NewsWireMoney lenders welcomed into temple as Church of England plans credit union
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous Article“Bitter-Sweet” News from Cadbury
    Next Article Wal-Mart threatened by Tesco’s invasion in the US market!

    Related Posts

    LVMH Moet Hennessy Louis Vuitton SE Stock Analysis

    June 21, 2023Updated:June 21, 2023

    LSE:INVP Investec Stock Market Review

    June 19, 2023

    Space Stocks: The Growing Popularity of Investing in the Final Frontier

    May 17, 2023Updated:June 9, 2023
    View 1 Comment

    1 Comment

    1. Priansa on June 2, 2019 2:18 am

      Very shortly thіs website will be famous amongst alll blogging people, ⅾue to it’s ցood articles and reviews

    Leave A Reply

    Stock Ticker
    • Loading stock data...

    Is the iPhone 15 a True Technological Marvel or a Cash Grab?

    September 22, 2023

    Mainnet 2023: The Pinnacle of Blockchain Evolution in NYC

    September 21, 2023

    Bitcoin or Gold?

    September 20, 2023

    Demystifying Financial Wellness: Its Lasting Impact on Life

    September 19, 2023
    Categories
    • Best Deals
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stock Market
    Recent Comments
    • Peter williamson on Travel Chaos at Geneva Airport: How Swiss Air is failing its customers
    • Marcus Latini on XRP Up by 65% as Judge Claims Ripple Was Not Selling Securities
    • Marcus Latini on Understanding Ethereum and Its Native Cryptocurrency, ETH
    Also Check Out

    Binance Donates to it’s Users in Morocco After Earthquake

    September 15, 2023

    Demystifying Financial Wellness: Its Lasting Impact on Life

    September 19, 2023

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    We're social. Connect with us:

    Facebook Twitter LinkedIn
    Top Insights

    From Cleaners to Security Guards: The NEW Somatic Cleaning Robot

    September 13, 2023

    The Fisher Composite Index: A Comprehensive Guide

    August 10, 2023

    Cathie Wood & Ark Invest: Disrupting the Investment Landscape

    July 31, 2023
    Categories
    • Best Deals
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stock Market

    Type above and press Enter to search. Press Esc to cancel.