M&A Deal Summary

TDR Capital Acquires Stonegate Group

On November 1, 2010, private equity firm TDR Capital acquired restaurant Stonegate Group from Mitchells & Butlers for 373M GBP

Acquisition Highlights
  • This is TDR Capital’s 3rd transaction in the Restaurants sector.
  • This is TDR Capital’s 5th largest (disclosed) transaction.
  • This is TDR Capital’s 7th transaction in the United Kingdom.

M&A Deal Summary
Date 2010-11-01
Target Stonegate Group
Sector Restaurants
Buyer(s) TDR Capital
Sellers(s) Mitchells & Butlers
Deal Type Divestiture
Deal Value 373M GBP
Advisor(s) Global Leisure Partners LLP (Financial)

Target

Stonegate Group

West Midlands, United Kingdom
website
Stonegate Group operates over 690 pubs and bars across the UK, within a wide variety of formats. Stonegate Group was founded in 2010 and is based in West Midlands, England.

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Buyer(S) 1

Buyer

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2002
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.

DEAL STATS #
Overall 11 of 24
Sector (Restaurants) 3 of 4
Type (Divestiture) 3 of 8
Country (United Kingdom) 7 of 13
Year (2010) 2 of 2
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Phoenix Group

London, United Kingdom

Phoenix Group consists of several life insurance funds which are closed to new business. Phoenix Group was founded in 1782 and is based in London, the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Lowell

Leeds, United Kingdom

Lowell acquires portfolios of charged off debt from a wide range of financial services companies and other lenders, and is now one of the leading players in the UK market. Lowell is based in Leeds, United Kingdom.

Buy -

Seller(S) 1

SELLER

Mitchells & Butlers

Birmingham, United Kingdom

website

Category Company
Founded 1898
Sector Restaurants
Employees46,844
Revenue 2.2B GBP (2022)
DESCRIPTION

Mitchells & Butlers is one of the operator of restaurants, pubs and bars in the UK, providing a wide choice of eating and drinking-out experiences through well-known brands and delivering great service, quality and value for money to guests. Mitchells & Butlers was founded in 1898 and is based in Birmingham, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Ha Ha Bar & Grill

Luton, United Kingdom

Ha Ha Bar & Grill Limited owns and operates dining and buffet restaurants in the United Kingdom.

Buy £20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 The Orchid Group

St Albans, United Kingdom

The Orchid Group is an independent managed pub operator with 249 largely food-oriented pubs, restaurants and bars spread across the UK.

Buy $266M
Mergr

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