M&A Deal Summary

Hony Capital Acquires PizzaExpress

On July 12, 2014, private equity firm Hony Capital acquired restaurant PizzaExpress from Gondola Group for 900M GBP

Acquisition Highlights
  • This is Hony Capital’s 1st transaction in the Restaurants sector.
  • This is Hony Capital’s 2nd largest (disclosed) transaction.
  • This is Hony Capital’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-07-12
Target PizzaExpress
Sector Restaurants
Buyer(s) Hony Capital
Sellers(s) Gondola Group
Deal Type Divestiture
Deal Value 900M GBP

Target

PizzaExpress

London, United Kingdom
website
Pizza Express operates 436 restaurants in the UK along with 68 internationally, including 22 in China. PizzaExpress was founded in 1965 and is based in London, United Kingdom.

Search 191,421 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Hony Capital

Beijing, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hony Capital (Beijing) Co., Ltd. is a private equity firm focused on investment opportunities across China. The Firm targets buyouts and commercializations of Chinese state-owned enterprises as well as growth capital investments in rapidly-growing private Chinese companies. Hony's primary focus is within the construction materials, pharmaceuticals, construction machinery, retail, and consumer goods sectors, however, the firm will also consider opportunities in media/entertainment, financial services, energy, and resources. Hony is a long-term investor and is sponsored by Legend Holdings, parent of computer maker Lenovo amongst other properties. Hony Capital is located in Beijing, China.


DEAL STATS #
Overall 23 of 41
Sector (Restaurants) 1 of 2
Type (Divestiture) 1 of 3
Country (United Kingdom) 1 of 1
Year (2014) 1 of 4
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-28 Simcere Pharmaceutical

Nanjing, China

Simcere is a manufacturer and supplier of branded generic pharmaceuticals and manufacturer of the patented anti-cancer drug Endu in the rapidly growing China market. The company currently manufactures and sells more than 50 pharmaceutical products and is the exclusive distributor of three additional pharmaceutical products marketed under its own brand name. Simcere Pharmaceutical was founded in 1995 and is based in Nanjing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-24 Deem

Oakland, California, United States

Deem is an innovative managed-travel technology platform that includes Deem Work Fource and Deem Ground Work, a suite of online booking and travel technology products for business travelers, travel managers, travel management companies and suppliers. Deem was founded in 1999 and is based in Oakland, California.

Buy -

Seller(S) 1

SELLER

Gondola Group

London, United Kingdom

website


Category Company
Sector Restaurants
DESCRIPTION

Gondola Group Ltd. is a UK casual dining sector, operating PizzaExpress, Milano, ASK, Zizzi, BYRON and Kettners, together with a number of smaller brands.


DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1