UK hospitality group Loungers to be bought by US firm for £338m

UK hospitality group Loungers to be bought by US firm for £338m

Mergers and acquisitions, Hospitality industry, Food & drink industry, Business, UK news, US news, Private equity Business | The Guardian

​London-listed company strikes deal with Fortress Investment Group, although shareholder approval neededThe cafe bar business Loungers has agreed to be bought by a US investment group in a deal that values it at about £338m.Fortress Investment Group said it had made an offer for the UK hospitality group through a newly formed investment vehicle. Continue reading… 

London-listed company strikes deal with Fortress Investment Group, although shareholder approval needed

The cafe bar business Loungers has agreed to be bought by a US investment group in a deal that values it at about £338m.

Fortress Investment Group said it had made an offer for the UK hospitality group through a newly formed investment vehicle.

Continue reading… 

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