One of Britain’s most successful restaurant dynasties, the Kaye family, is cooking up a bold plan to reunite three of the country’s best known Italian restaurant chains as part of a £500m deal. The Kayes are believed to have held talks with private equity firms Advent and TPG to bid for Aim-listed Prezzo as well as Ask and Zizzi, all of which were founded by family members. If the two deals were to come off, it would create a casual dining chain with almost 500 restaurants nationwide. Philip Kaye, the patriach of the family, owns a 44pc stake in Prezzo, which nephew Jonathan runs. Philip also founded Zizzi and ASK - the latter is named after his sons, Adam and Sam Kaye, who sit on Prezzo’s board
2 Oct '14
see bid RNS
PRZ has to be worth a lot more than SP... see my June post that makes a comparison with the take-over valuation of Pizza Express.
11 Sep '14
Yes, excellent. They note a slightly slowing trend in the 2Q and into the new half... I think this is an industry thing (worth studying the recent Greene King RNS).
11 Sep '14
Very strong interim results strong growth & profits continue!
7 Jul '14
TIP TV LIVE NOW (PRZ)
PRZ on TipTV today at 10:50 UK TIme... http://www.***********/
29 Jun '14
Don't disagree... think they just saw the price as high, well timed ..... the whole AIM market seems to have peaked in early April, especially the larger cap issues such as JHD, NICL, BRK, CLIN. (And some key FTSE250 issues also, e.g. SPX, GNK)... all these without any RNSs to explain....
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