M&A Deal Summary

Greene King Acquires Hickory’s Smokehouse

On October 11, 2022, Greene King acquired restaurant Hickory’s Smokehouse from Piper

Acquisition Highlights
  • This is Greene King’s 2nd transaction in the Restaurants sector.
  • This is Greene King’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-10-11
Target Hickory’s Smokehouse
Sector Restaurants
Buyer(s) Greene King
Sellers(s) Piper
Deal Type Add-on Acquisition

Target

Hickory’s Smokehouse

Chester, United Kingdom
Hickory’s Smokehouse is an American-style, family-friendly smokehouse and BBQ restaurant chain, with a strong focus on food quality and authenticity. Hickory’s Smokehouse is based in Chester, United Kingdom.

Search 214,239 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

Greene King

Suffolk, United Kingdom

Category Company
Founded 1799
Sector Leisure
Employees38,408
Revenue 2.2B GBP (2019)
DESCRIPTION

Greene King operates as a pub retailer and brewer running over 2,700 pubs, restaurants, and hotels in towns, villages, and city-center high streets across England, Wales, and Scotland. Greene King was founded in 1799 and is based in Bury St Edmunds, the United Kingdom.


DEAL STATS #
Overall 4 of 4
Sector: Restaurants M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
Country: United Kingdom M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Loch Fyne Restaurants

Bury St Edmonds, United Kingdom

Loch Fyne Restaurants is an operator of seafood restaurants in the UK.

Buy £68M

Seller(S) 1

SELLER

Piper

London, United Kingdom

Category Private Equity Firm
Founded 1986
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Piper is a specialist private equity firm focused on investments in consumer brands with strong growth potential. Piper specifically targets high-growth, small to mid-sized companies in retail, leisure, and consumer products and services. The Firm works closely with management to build industry-leading companies. Prospective businesses are generally profitable with revenues of £5 to £25 million. Piper prefers companies based in the UK and invests up to £15 million per transaction. The Firm will consider both control and minority investment positions. Piper was formed in 1986 and is based in London, England.


DEAL STATS #
Overall 19 of 22
Sector: Restaurants M&A 6 of 6
Type: Add-on Acquisition M&A Deals 8 of 9
Country: United Kingdom M&A 19 of 22
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 Rabbie s

London, United Kingdom

Rabbie's is a cultural adventure travel brand, that takes groups of travelers on one-day and multi-day mini-coach tours across the UK and Europe. Rabbie's was formed in 1993 and is headquartered in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Frame

London, United Kingdom

Frame is a boutique fitness studio business, that was formed in 2009 and is based in London, England.

Sell -