M&A Deal Summary

Gresham House Asset Management Acquires Pho

On January 1, 2018, asset manager Gresham House Asset Management acquired restaurant Pho from Livingbridge

Acquisition Highlights
  • This is Gresham House Asset Management’s 1st transaction in the Restaurants sector.
  • This is Gresham House Asset Management’s 4th transaction in the United Kingdom.
Investment Fate
  • Pho was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2018-01-01
Target Pho
Sector Restaurants
Buyer(s) Gresham House Asset Management
Sellers(s) Livingbridge
Deal Type Secondary Buyout

Target

Pho

London, United Kingdom
Pho serves traditional Vietnamese food in an informal, fast-casual environment, specializing in Vietnam's national dish, pho, a tasty and nutritious noodle soup. The menu also features other authentically prepared Vietnamese dishes, coffees, beers, and fruit juices. Pho is based in London.

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Buyer(S) 1

Buyer

Gresham House Asset Management

Investor Investor Investor Investor

Category Asset Manager
Founded 1857
PE ASSETS 7.8B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Gresham House is a specialist alternative asset manager providing funds, direct investments and tailored investment solutions, including co-investment across a range of highly differentiated alternative investment strategies. Gresham's direct investment arm, Gresham House Private Asset provides investors with opportunities to access niche alternative specialist investment strategies and illiquid assets over a long-term investment horizon. Gresham House is headquartered in London.

DEAL STATS #
Overall 4 of 10
Sector (Restaurants) 1 of 2
Type (Secondary Buyout) 3 of 5
Country (United Kingdom) 4 of 10
Year (2018) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 SecureCloud+

Reading, United Kingdom

SecureCloud+ is a provider of ICT systems for Defence and Public Sector customers with demanding security requirements. SecureCloud+ was founded in 2012 and is based in Reading, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 Happy Days Nurseries

Newquay, United Kingdom

Happy Days Nurseries offers child day care services. The company provides session-based and full day care services for children of age group between three months to five years. Happy Days Nurseries was founded in 1991 and is headquartered in Newquay, United Kingdom.

Buy -

Seller(S) 1

SELLER

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.

DEAL STATS #
Overall 70 of 101
Sector (Restaurants) 1 of 2
Type (Secondary Buyout) 29 of 44
Country (United Kingdom) 64 of 92
Year (2018) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 SecureCloud+

Reading, United Kingdom

SecureCloud+ is a provider of ICT systems for Defence and Public Sector customers with demanding security requirements. SecureCloud+ was founded in 2012 and is based in Reading, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-20 Helping Hands Home Care

Warwickshire, United Kingdom

Helping Hands Home Care provides a wide range of tailored home care services, ranging from its hourly visiting service to 24-hour live-in care. The company also offers a nurse-led clinical care service which enables individuals with complex conditions to be supported at home. Helping Hands Home Care was founded in 1989 and is based in Alcester, United Kingdom.

Buy -
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