Divestiture • Restaurants

Epiris Acquires T.G.I. Friday s UK

On December 23, 2014, private equity firm Epiris acquired restaurant T.G.I. Friday s UK from TGI Friday’s

Acquisition Context
  • This is Epiris’ 1st transaction in the Restaurants sector.
  • This is Epiris’ 42nd transaction in the United Kingdom.
Investment Fate
  • T.G.I. Friday s UK was sold to existing investors in 2017.

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M&A Deal Summary

Date December 23, 2014
Target T.G.I. Friday s UK
Sector Restaurants
Buyer(s) Epiris
Sellers(s) TGI Friday’s
Deal Type Divestiture

Target Company

T.G.I. Friday s UK

Luton, United Kingdom
T.G.I. Friday's UK Ltd. is an operator of restaurants in the United Kingdom and internationally.
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Buyer Overview 1

Buyer

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £50 to £250 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


Deal Context for Buyer #
Overall 54 of 73
Sector: Restaurants 1 of 3
Type: Divestiture 7 of 13
Country: United Kingdom 42 of 61
Year: 2014 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 The Original Bowling Co.

Hemel, United Kingdom

The Original Bowling Company, is the largest ten pin bowling operator in the UK with 42 sites. Its bowling centres are typically located on high footfall, multi-use retail/leisure parks.

Buy £91M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Nuaire

Caerphilly, United Kingdom

Nuaire is a manufacturer and distributor of ventilation systems for the commercial, residential and OEM markets.

Sell £145M

Seller Profile 1

SELLER

TGI Friday’s

Dallas, Texas, United States

Category Company
Founded 1965
Sector Restaurants
DESCRIPTION

TGI Friday's owns and operates a chain of restaurants in the United States and around the world. TGI Friday’s was founded in 1965 and is based in Dallas, Texas.


Deal Context for Seller #
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
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-29 T.G.I. Friday s UK

Luton, United Kingdom

T.G.I. Friday's UK Ltd. is an operator of restaurants in the United Kingdom and internationally.

Buy $50M