Casual Dining Group Kkr

Kkr Backed Casual Dining Group Falls Into Administration And Cuts 1 900 Jobs Private Equity Insights
Kkr Backed Casual Dining Group Falls Into Administration And Cuts 1 900 Jobs Private Equity Insights

European buyout group Aurelius Equity Opportunities has made an offer to acquire troubled restaurant brands Café Rouge and Bella Italia from KKR-backed Casual Dining Group (CDG), according to Sky News. Aurelius and CDG declined to comment. After more than three months of not being able to serve either food or drinks, KKR-owned Casual Dining Group (CDG), one of the UK's largest restaurant groups, collapsed into administration, a form of bankruptcy under UK law, on Thursday. Former TGI Friday's owner Epiris rescues KKR-backed Casual Dining Group The deal comprises over 140 restaurants of the Bella Italia, Café Rouge and Las Iguanas brands and is expected to save 4,000 jobs out of the nearly 6,000 staff the company had in the UK

Casual Dining Group Wikipedia
Casual Dining Group Wikipedia

Casual Dining Group (CDG), formerly Tragus Group, operated 250 restaurants in the United Kingdom. CDG operated restaurants primarily under the Bella Italia, Café Rouge and Las Iguanas names. It also operates sites under the Belgo, Huxleys, Oriel Grande Brasserie and La Salle brands. KKR-backed Casual Dining Group, the owner of Café Rouge, Las Iguanas and Bella Italia, said it is preparing to call in administrators as the restaurant industry reels from the coronavirus pandemic. Casual Dining Group, the company behind restaurant chains including Bella Italia and Café Rouge, is preparing to bring in administrators. The UK-based business, which has been backed by KKR since 2018, has filed a notice of intent to protect it from creditors for 10 days. CDG is working with management consultant AlixPartners to come up with a restructuring plan to repair its finances. KKR has made undisclosed investments in Casual Dining Group and Sarquavitae. Based in the UK, Casual Dining Group is a casual dining operator while Spain-based Sarquavitae is an elderly care operator.

Kkr Backed Casual Dining Group Files To Appoint Administrators Pitchbook
Kkr Backed Casual Dining Group Files To Appoint Administrators Pitchbook

CDG is one of the largest casual dining groups in the UK with close to 300 locations, operating such restaurant brands as Bella Italia, Café Rouge and Las Iguanas. Casual Dining Group, which was bought by the US private equity giant KKR in 2018, has had multiple expressions of interest from private equity buyers for all or parts of the business, according to... CDG is one of the largest casual dining groups in the UK with close to 300 locations, operating such restaurant brands as Bella Italia, Café Rouge and Las Iguanas. KKR and Pemberton, who were already term loan lenders to CDG, agreed to further support CDG by acquiring a controlling interest in the group, deleveraging the business and providing ...

Cafe Rouge Among Restaurants Sold To Epiris By Kkr Owned Group Bloomberg
Cafe Rouge Among Restaurants Sold To Epiris By Kkr Owned Group Bloomberg

According to the restaurant group, which operates nearly 300 mid-market restaurant brands including Las Iguanas, Café Rouge and Bella Italia, the injection and refinancing led by American private equity company KKR "provides a long-term capital structure for the group, strengthens the balance sheet and positions CDG for growth". Casual Dining Group, a KKR-owned company that runs continental-themed mass market restaurants brands in the U.K., is weighing cutting costs with its landlords and filing for administration,... Casual Dining Group, the owner of Café Rouge, has orchestrated a debt-for-equity swap with its lenders in an attempt to slash its weighty interest bill. Under the deal, worth an estimated £150m,...

Epiris Eyes Kkr S Struggling Casual Dining Group Private Equity Insights
Epiris Eyes Kkr S Struggling Casual Dining Group Private Equity Insights

Casual Dining Group (CDG) says it has received interest from multiple parties over a potential sale of the business. The group, which owns the Bella Italia, Café Rouge and Las Iguanas brands, filed a notice of intention to appoint an administrator last month 'as a protective measure'; a move that put up to 6,000 jobs at risk. Explore KKR's portfolio of investments and partner companies. Cafe Rouge and other prominent U.K. restaurant brands owned by KKR-owned Casual Dining Group were bought by private equity firm Epiris, which is seeking to resuscitate a sector hit hard by the ...

Epiris Eyes Kkr S Struggling Casual Dining Group Private Equity Insights
Epiris Eyes Kkr S Struggling Casual Dining Group Private Equity Insights
Kkr Backed Casual Dining Group Prepares To Appoint Administrators Financial News
Kkr Backed Casual Dining Group Prepares To Appoint Administrators Financial News
Global Restructuring Review Casual Dining Group Retains Advisers As Notice Is Served
Global Restructuring Review Casual Dining Group Retains Advisers As Notice Is Served
Kkr Backed Casual Dining Group Falls Into Administration And Cuts 1 900 Jobs Private Equity Insights
Kkr Backed Casual Dining Group Falls Into Administration And Cuts 1 900 Jobs Private Equity Insights
Milbank Advises Kkr And Pemberton On Acquisition Of Casual Dining Group
Milbank Advises Kkr And Pemberton On Acquisition Of Casual Dining Group
Global Restructuring Review Casual Dining Group Appoints Administrators Ahead Of Sale Of Business
Global Restructuring Review Casual Dining Group Appoints Administrators Ahead Of Sale Of Business
Cafe Rouge Owner Picks One Of Its Own To Lead Recovery
Cafe Rouge Owner Picks One Of Its Own To Lead Recovery
Wall Street Raider Seizes Power At Ailing Cafe Rouge Owner Casual Dining Group Business The Sunday Times
Wall Street Raider Seizes Power At Ailing Cafe Rouge Owner Casual Dining Group Business The Sunday Times
Milbank Advises Kkr And Pemberton On Acquisition Of Casual Dining Group
Milbank Advises Kkr And Pemberton On Acquisition Of Casual Dining Group
Kkr Backed Cafe Owner Crumbles Pitchbook
Kkr Backed Cafe Owner Crumbles Pitchbook
Former Tgi Friday S Owner Epiris Rescues Kkr Backed Casual Dining Group Private Equity News
Former Tgi Friday S Owner Epiris Rescues Kkr Backed Casual Dining Group Private Equity News

The prospect of a rescue of one of Britain's biggest restaurant groups comes less than two weeks after Casual Dining Group appeared to be on the brink of collapse. The company, majority-owned by US... During the last 12 months Casual Dining Group successfully refinanced with its existing shareholder and lender group and went on to secure a cash investment of £30m to fund future growth opportunities, led by private equity firm KKR. Coronavirus: Turnaround funds seek seat at Café Rouge-owner's table. Investment firms including Aurelius and Endless want to buy parts of Casual Dining Group, Sky News learns.